February 2022
16Feb

US. Pension Funds Chase Returns in Private-Market Debt

Retirement funds are clamoring to invest in private-market loans, hungry for an asset that can beat public markets while at the same time throwing off cash to help pay benefits. Read also US. Why Large Pension Funds Are Investing In Private Real Estate Two of the nation’s three biggest pension funds—those serving public workers in New York and California—have added private-credit allocation targets in the past two years. Across the U.S., state and local retirement funds with private-credit portfolios are expanding...

February 16, 2022
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15Feb

Canada’s largest pension fund CPPIB takes engagement approach to net-zero

The Canada Pension Plan Investment Board, better known as CPP Investments or CPPIB, announced net-zero greenhouse gas (GHG) emission goals by 2050 through a decarbonisation approach focused on influencing transition within high-emitting sectors as opposed to divestment. Read also US. Pension plans increasing their focus on allocating to diverse asset managers The plan also includes increasing its investments into green and transition assets from $67 billion to $130 billion by 2030 and a carbon neutrality goal by the end of the...

February 15, 2022
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15Feb

US. Why Large Pension Funds Are Investing In Private Real Estate

Real estate agents and investors across the country, from California to Florida, have noticed an uptick in offers submitted by institutional investors (paywall). Large pension funds are competing with investors and homeowners to buy everything: single-family homes, multifamily, commercial spaces — few asset classes are exempt. These deep pockets cannot resist the action, and for good reason. As the co-founder of a company that invests in private real estate, I’ve seen how property investments can provide greater diversification, income...

February 15, 2022
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15Feb

How will the EU’s SFDR sustainability rules work?

Europe’s action plan on sustainable finance will accelerate the mobilisation of green finance and reinforce EU leadership in this area by being an example for regulators across the world that are looking at a standardised approach. Despite the challenges, the goal is to build a greener, more sustainable future, but it cannot be done without the weight of financial market participants being fully committed. Today, country and corporate carbon reduction plans are still far short of the 1.5C target under the...

February 15, 2022
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14Feb

US. Pension plans increasing their focus on allocating to diverse asset managers

U.S. pension funds are allocating more to diverse money managers and taking more steps to measure how their assets are allocated and articulate formal policies on their processes. This is the second year Pensions & Investments has surveyed the top 200 U.S. retirement plans regarding defined benefit plan assets managed by money management firms owned by women, minorities, people with disabilities and veterans. As of Sept. 30, respondents said a total $120.7 billion was managed by WMDV-owned managers, up from $68.4...

February 14, 2022
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14Feb

Ghana. GH¢10bn private pensions funds available for investment in GSE securities – Deputy MD

Abena Amoah, Deputy Managing Director (MD) of Ghana Stock Exchange (GSE), has said GH¢10 billion private pensions fund is available for investments in GSE listed equity and debt securities. She, therefore, called on specified entities, including State-Owned Enterprises (SOEs), to take advantage of such financing and investment opportunities to enhance their operations and make them economically viable. Ms Amoah further urged specified entities to assess and raise Patient Long-term Capital by becoming issuers of equity or debt securities as a support...

February 14, 2022
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11Feb

US. New York’s public pension fund to divest from 21 companies over transition risk

New York’s public pension fund has announced it will divest from nearly two dozen stocks involved in shale oil and gas production. The New York State Common Retirement Fund, which manages around $280 bn on behalf of more than one million individuals, says the 21 companies have ‘failed to demonstrate they are prepared for the transition to a low-carbon economy’. ‘As market forces and new policies drive the energy transition, we must align our investments with a profitable and dynamic future,’...

February 11, 2022
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11Feb

UK. Force pension funds to align with net zero goal, says Richard Curtis

Pension funds should face legal obligations to bring their investments in line with the net zero greenhouse gas emissions goal, the film-maker Richard Curtis has said. Curtis, a co-founder of the Make My Money Matter campaigning group, urged ministers to follow up the UK’s legal commitment to reach net zero emissions by 2050 by making it mandatory for pension schemes to align their portfolios with the target. He told the Guardian: “The moment has arrived. Why not invest in sustainable investments?...

February 11, 2022
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10Feb

Mexico. Regulator calls on Afores to invest in local projects

The risk aversion of Mexico’s private pension fund administrators (Afores) is impeding growth, the head of pensions watchdog Consar told a webinar. “They have lots of resources, but local projects, which could be growth boosters, are lacking,” Iván Pliego Moreno said during a webinar organized by Nuevo León’s economists college. Read also US. New York’s public pension fund to divest from 21 companies over transition risk Pliego claimed Afores only choose 'AAA' investment projects as apparently 'BBB' ones “are not that attractive...

February 10, 2022
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10Feb

Latin America lags on decarbonization financing, report says

Decarbonization efforts in Latin America are being held back by lack of policy and private sector financing, according to a report released Wednesday by Janus Henderson Investors. Read also UK. Force pension funds to align with net zero goal, says Richard Curtis The Janus Henderson Latin America Decarbonization Report found that climate bond issuance in Latin America, at $45 billion in 12 countries at the end of 2021, is relatively small compared to the size of the region and to the...

February 10, 2022
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