In the South African city of Pretoria, 50km outside Johannesburg, the sense of history is pervasive. The city was the capital of the apartheid regime and the site of Nelson Mandela’s presidential inauguration. It’s also home to Africa’s biggest asset manager the R1.17 trillion ($0.12 trillion) Public Investment Corporation, a state-owned body founded in 1911
Germany’s MetallRente has made quick progress since its foundation by trade unions in 2001. It has grown into Germany’s biggest multi-employer pension provider, boasting €3 billion ($3.87 billion) in assets, and counts a mammoth 21,000 companies as customers, from within the metal industry it was set up to serve and beyond. In the past two
Received financial wisdom holds that the price of virtue for ethical investors is lower returns. It all depends on the time frame, argues Tom Joy, director of investment for Britain’s Church Commissioners, who manage the Church of England’s £5.2-billion ($8.38 billion) pension fund. The Church Commissioners, as fund managers who are ultimately accountable to God,
Complexity is, well complex. And as trite as that sounds, it’s something investors, even professional investors, don’t understand well enough, according to Tim Hodgson, head of the Thinking Ahead Group at Towers Watson. The Thinking Ahead Group (TAG), as has been reported here before, gets paid to think – a gig conexust1f.flywheelstaging.com is envious of.
There is a positive correlation between the investment performance of REITs and the “greenness” of their portfolio holdings, according to a new paper by Maastricht University’s Piet Eichholtz, Nils Kok and Erkan Yonder. The paper – Portfolio greenness and the financial performance of REITs – finds that investment performance of REITs is positively related to
The power of benchmarking funds on sustainability is demonstrated by the fact 171 property companies and funds surveyed in the 2012 GRESB benchmarking report reduced GHG emissions by 6 per cent – this is a reduction of 432,000 metric tons of CO2, the equivalent of removing 85,000 cars from the road. The Global Real Estate
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