Infrastructure investors hunt decarbonisation pathways
Investors discuss the importance of being able to decarbonise infrastructure assets over the long-term. It's leading to lacklustre appetite for investments that can't - like airports.
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NEST challenges private equity fees
UK pension scheme NEST’s first foray into private equity offers hope for investors looking beyond standard operating models in the asset class. The £20 billion defined contribution fund, currently sifting through 60-odd procurement responses to allocate more than £1 billion at the beginning of next year, is quietly confident it will be able to hammer out a deal with GPs to make the expensive asset class known for 2:20 fees affordable.
Navigating inflation: The challenge and opportunity
Inflation is the number one investor concern and whether it is here to stay was the subject of much debate at the Fiduciary Investors Symposium. While its longevity is contested it was agreed that its presence has important implications for the correlation between bonds and equities which creates problems for portfolio design. Investors at PGIM, QMAW, CPP Investments and NEST discuss.
NEST’s PE challenge to the industry
The UK defined contribution fund, NEST has added a number of new asset classes to its portfolio over the past year – including infrastructure with a focus on renewables – but the fund is still missing an allocation to private equity. CIO Mark Fawcett spoke to Amanda White about the fund’s challenge to the industry on private equity fees, its focus on climate-aware portfolios and innovative approaches to portfolio management.
Looming downturn forces moves
Asset owners are diversifying, cutting costs and allocating assets to low-volatility strategies to put their portfolios in position for difficult times, a high-level panel discussion found.
NEST’s flexible default pension
The workplace pension asked its members what they wanted during the decumulation phase. The answers led to a default product that aims for assurances in older age, while still offering options.
Sustainability Cambridge - April 2022