Investor Strategy – Page 13
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Poll shows 10 percentage-point rise in ESG use by alternatives investors over 3 years
Two thirds of European investors in private equity, infrastructure, now have climate policies compared to less that a quarter of their US peers, new survey shows
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NEST appoints HarbourVest as part of £1.5bn private equity push
New mandate will play an important role in helping NEST invest around 5% of its portfolio in private equity
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Dutch pharmacist fund ups equity risk in new pension system
Pensioenfonds Openbare Apothekers (SPOA) is the first professional fund to have designed a pension arrangement for the new DC pension system
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Alecta says ‘not unlikely’ markets will fall further in 2022, also hitting RE
Sweden’s largest pension fund suffers 12.7% H1 investment loss, but rising rates slash liabilities
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Sovereign wealth funds switch to private markets in major asset reallocation
SWF investors now own $719bn in private assets, up from $205bn in 2011
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Border to Coast commits final investments in first £5.7bn private markets programme
In total, the programme invested into 61 funds and made three co-investments
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British Steel picks LGIM for DB scheme, in-house team to transfer
LGIM and Legal & General Retail Investments already manage and insure just under 40% of the scheme’s assets
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PGGM, Alecta sign €2.1bn credit risk sharing deal with German bank
The transaction on a portfolio of corporate loans shifts 20% of default risk to the two pension investors
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West Yorkshire Pension Fund to use derivatives ESG risk framework
Framework will be used to build an ESG-aware derivatives overlay as fund gradually builds its portfolio of illiquid, alternative assets
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Dutch physiotherapist scheme goes passive with custom-made ESG benchmark
The fund has swapped €400m in fund investments for a passively managed ESG mandate
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ATP, AMF, AP funds and Folksam back Northvolt in $1.1bn financing
Large Nordic pension funds up their investments in Swedish battery maker as it seeks to boost production
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ATP’s new domestic investment unit stays true to goal after first deal
Danish statutory pensions giant invests DKK three-digit million sum in sports tech Veo
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TAI releases open-source code for return-attribution method
Institute hopes framework will change investors’ thinking, shifting focus to fundamental drivers of returns
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Swiss scheme excludes commodities under ESG policy despite second-best return
PKG is also planning to switch to a sustainable benchmark for Swiss bonds, foreign equities, foreign small-cap equities, and emerging market equities
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BVK to continue indirect real estate, stake investments
The fund’s strategic asset allocation for 2022 will see an increase to 28.8% in real estate (24.4% in real estate funds and REITs and 4.5% in direct investments)
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NBIM’s London-based equities chief quits for job in SWF’s Oslo HQ
CEO Nicolai Tangen says Petter Johnsen’s move to Oslo in senior portfolio manager role is ‘perfect fit’ with NBIM’s plans to expand active management there
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AMF invests €92m into fast-growing Swedish energy storage firm
Sweden’s second-largest commercial pension fund buys around 9% of shares in Polarium
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Allianz toughens investment policy on oil and gas
From 2025 Allianz will only insure and invest in oil and gas companies committing to net-zero greenhouse gas emissions by 2050
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Dutch pension funds may not increase risk during pension transition
They are likely to postpone making changes to their strategic asset allocation until after the transition
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Swiss pension schemes post high returns with alternatives
Private equity delivered the best absolute return of 45.44% in 2021 at Asga Pensionskasse