Investment Archives - Page 71 of 143 - Pension Policy International

30JanJanuary 30, 2023

New York State common allocates 11 Billion alternatives

New York State Common Retirement Fund, Albany, disclosed just over $1.1 billion in new commitments completed in December, a transaction report on its website shows. Within private equity, the $233.2 billion pension fund committed $350 million to Apollo Investment Fund X, a buyout fund managed by Apollo Global Management, and $300 million to Hellman & Friedman Capital Partners XI, also a buyout fund. The pension fund also disclosed two commitments to funds managed by KSL Capital Partners: $300 million to real...

January 30, 2023

NewsInvestment, Pension Management, US

26JanJanuary 26, 2023

US. Cryptocurrency Was Sold To State And Local Pensions As ESG

Senator Katie Muth, a Board Member for the $40 billion Pennsylvania State Employees’ Retirement System (PSERS) will never forget the first meeting of the pension board she attended and the ESG presentation she heard which included cryptocurrency as a solution for the un-banked in African countries. “I was really looking forward to the ESG presentation but was very confused as to how blackbox fake currency could improve the lives of people suffering from economic hardship on the continent. The...

January 26, 2023

NewsCryptocurrency, ESG, Investment, Pension Management, US

26JanJanuary 26, 2023

U.K. Sustainability rules could set ‘a high bar,’ but cloud definitions

Although upcoming rules on sustainable investment product labeling and disclosure could put the U.K. ahead of Europein combating greenwashing, they may not makes things clearer for institutional investors, based on reactions submitted to the Financial Conduct Authority. On Wednesday, the last day for commenting on the FCA's Sustainability Disclosure Requirements and investment labels proposed in October, financial groups and experts generally praised the regulator's approach as setting a high bar for the labeling of funds marketed as green and disclosure...

January 26, 2023

NewsInvestment, Regulation, Sustainability, UK

25JanJanuary 25, 2023

UK pension schemes search out forestry investments

Nest and Cushon, two UK pension schemes with combined assets of more than £26bn, are in a joint search for asset management partners to develop new forestry investment strategies to address climate change pressures. Both pension schemes believe that allocating money to forestry projects will offset environmentally damaging emissions from other investments and deliver attractive returns as the price of carbon rises to reflect the increasing costs of pollution by human activity. The schemes have set aside an initial £600mn for...

January 25, 2023

NewsClimate crisis, Investment, Pension Management

25JanJanuary 25, 2023

U.S. insurers likely to increase risk tolerance, private assets – Conning

Most U.S. insurers expect to increase their investment risk tolerance, while adding to their allocations to private assets this year, amid an environment of higher volatility and rising inflation, according to a survey of U.S. life and property and casualty insurers released Tuesday by Conning, a global insurance asset management firm. Specifically, 64% of insurers responding to the survey said they expect an increase in investment risk tolerance in 2023, while 73% said risk-adjusted returns are the No. 1 investment...

January 25, 2023

NewsInvestment, US

24JanJanuary 24, 2023

Europe’s Biggest Pension Fund Issues ESG Warning to Banks

One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. “The financial sector has really lagged,” said Dominique Dijkhuis, a member of the executive board and head of investments at ABP, which is Europe’s largest pension fund. “If you say you’re committing to a climate course and then still actively granting loans to new fossil products, that’s just not aligned.” ABP is...

January 24, 2023

NewsESG, Investment

19JanJanuary 19, 2023

4 largest asset managers diverge on ESG voting – ShareAction report

The world's four largest asset managers — BlackRock, Vanguard Group, Fidelity Investments and State Street Global Advisors — voted for fewer environmental and social resolutions in 2022 than the previous year, according to research published Tuesday by shareholder advocacy group ShareAction. The four managers supported 20% of environmental or social resolutions in 2022, down from 32% in 2021 and noticeably lower than the voting recommendations of proxy-voting advisers Institutional Shareholder Services and Glass Lewis, ShareAction found. ShareAction also found that members...

January 19, 2023

NewsESG, Investment

18JanJanuary 18, 2023

Choosing Pension Fund Investment Consultants

By Aleksandar Andonov, Matteo Bonetti & Irina Stefanescu Pension funds rely on the advisory services of investment consultants for asset allocation decisions, manager selection, and performance benchmarking. While prior research finds that consultants generally do not add value, pension funds have increased the number of consultants over time, particularly in alternative assets, such as real assets, private equity and hedge funds. We explore the factors underlying the hiring and firing of consultants and examine whether these decisions are made in the...

January 18, 2023

Articles, Pension Management2022, Investment

16JanJanuary 16, 2023

U.S. funds turn to fixed income for relief

Pension plan execs looking forward to better environment U.S. pension fund executives expect to navigate a recession by the end of 2023, but while the market return environment is set to remain challenging, they see opportunities re-emerging in fixed income. While they are unsure of just how challenging, they are convinced of one thing: a recession almost certainly looms in the coming year. "My crystal ball is a bit cloudy," said Christopher J. Ailman, chief investment officer at the $307.2 billion California...

January 16, 2023

NewsInvestment, Pension Management, US

13JanJanuary 13, 2023

2021 ESG Report. Government Pension Investment Fund

By: Government Pension Investment Fund Government Pension Investment Fund (GPIF) manages and invests Japan’s pension reserve fund, which is used to pay Employee Pension Insurance and National Pensions. We contribute to the stability of the pension system by earning returns on our investments and distributing these to the government ESG is the acronym for Environmental, Social, and Governance. While investors have traditionally used cash flows, profit margins and other quantitative financial data to value a company’s equity or other securities, “ESG...

January 13, 2023

Books, Books, Pension Management2022, ESG, Investment, Japan

January 2023