Australia’s LGS goes active and thrives
Just seven years after restructuring around a passive core in response to the GFC, Australia's $8.2 billion Local Government Super has found confidence and success in active management.
Just seven years after restructuring around a passive core in response to the GFC, Australia's $8.2 billion Local Government Super has found confidence and success in active management.
It is a measure of the experience of the Australian fund, Local Government Super, on ESG that it will instruct its managers on which companies to omit from portfolios. The New South Wales fund started its policy of applying environmental, social and governance filters to its investments by omitting tobacco companies in 2000. Today, it
The Australian $6.2 billion Local Government Super (LGS) fund has taken an active role in handling its risk, by developing innovative in-house strategies for tackling climate change and equity market risk in its portfolio.
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