The industry fund has taken a 49 per cent stake in subscription vehicle provider Splend alongside IFM and other co-investors as it looks to build a 10 per cent exposure to climate solutions in its global portfolio.
After years of powering super returns into the double digits, US equities are walking a tightrope, and one misstep could send them plunging to earth. But the story that put them up there in the first place still holds true.
… and PRI links with AIMA for due diligence questionnaire
In a first for sustainability, the UN-backed PRI organisation has linked with the Alternative Investment Management Association to launch next week an international standard questionnaire to aid investors doing their due diligence on alternatives managers.
The launch of the standard questionnaire, taking place in London on May 11, aims to: “Improve transparency around ESG factors in the decision-making process, reduce the reporting burden, and enhance consistency and comparability of data across the industry,” organisers say.
The launch will be presided over by Marisol Hernandez, manager, investment practices, PRI. The chief executive of PRI, which has a strong Australian membership base among not-for-profit funds and funds managers, is Australian Fiona Reynolds, a former chief executive of AIST.
AIMA, which also has an active Australian membership, provides members and their prospective clients with a standard due diligence questionnaire already. But the new one includes various questions which are not normally asked of hedge funds and other alternatives managers to cater for the increasing investor interest in ESG issues.
The annual AIMA Australia Forum will take place on September 12 at the Sofitel Wentworth Sydney. More than 400 investment professionals and service providers are expected to attend. It is the largest event of its kind in Australasia.
Note: Investor Strategy News is a media partner for the AIMA Australia Forum.
