The Latest
Sustainability

A sustainability taxonomy for investors

The EU expert group for sustainable finance has published a taxonomy, or green encyclopedia, that gives guidance to investors looking to finance the transition to an economy in line with the Paris Climate Agreement. PGGM’s Brenda Kramer, who is a member of the EC’s sustainable finance technical expert group, explains how this could be a game changer in the long term.
Analysis

European investment plan requires public private collaboration

The two largest institutional investors in the Netherlands, PGGM and APG, have responded to the European Commission’s investment plan, urging the commission to call on institutional investors to collaborate on the investment proposal. However they also warn that institutional investors are not just a “subsidising entity” and the Juncker Plan is best executed as a […]
In Conversation

Asset owners invisible in capital debate

Asset owners are not visible in the policy debate about the structural shortage of long-term capital, according to Sony Kapoor, managing director of Re-Define, an economic and financial think tank that advises policy makers and civil society in the European Union. Kapoor, who recently completed a paper critiquing the Norwegian Sovereign Wealth Fund’s investment strategy, […]
Analysis

Pension funds reject EU financial transaction tax

When the European Commission announced plans on February 14 to introduce a Financial Transaction Tax (FTT) by the start of 2014, it planted a bomb under Europe’s pension funds. That is not, of course, the view of Algirdas Šemeta (pictured below right), the EU’s commissioner for taxation. He says the proposed tax is “unquestionably fair […]
News

Ugo Bassi focuses on transparency at ICGN

For many people their most memorable in situ news moment is when man landed on the moon or when John Lennon, Princess Diana or Michael Jackson died. But most Italians will remember where they were when Pope Benedict XVI resigned. A country with record unemployment, no head of state and no head of the church […]
Investor Profile

Danica maneuvers towards infrastructure

Danish pension provider Danica is upping the alternatives portion in its roughly $57-billion portfolio as it looks to boost returns within the country’s strict solvency framework. Alternatives already make up over 4 per cent of the $33-billion Traditional Fund, Danica’s largest and most conventional pension pool, double the proportion the asset class took at the […]
In Conversation

European investors stay on the offensive

2012 was a year of battles for European pension funds. An ongoing war was waged against a severe regulatory challenge from the European Commission in the shape of Solvency II-style legislation. Aside from the uncertain struggle of that campaign, major European investors gained plenty of credit from standing up to corporate boards in the “shareholder […]