David Atkin is to become the new chief executive of PRI, it was announced in London last night (November 1). He takes up the role on December 10 when fellow Australian Fiona Reynolds departs for home after nine years. Reynolds has just seen out a successful annual PRI conference and is remaining with the organisation…
IOOF has become the first external client for a new strategy from Nassau Private Credit, a US-based specialist global credit manager, with a US$50 million investment. The strategy invests in collateralised loan obligations (CLOs) focusing on ‘control equity’, mezzanine and debt tranches of third-party managed instruments. Nassau Private Credit has been represented in Australia by…
Global manager Ninety One has launched an index for sovereign bond investors which provides an independently verified assessment of alignment with the Paris Agreement on net zero. A feature of the index, the first of its kind, is that its inclusion of all major emerging markets, many of which are most impacted by both climate…
There’s perhaps only one thing more satisfying for the business people who run big funds management firms than organic growth, and that’s to reward the trust of long-term clients. Around the 10th anniversary of the Martin Currie Global Emerging Markets team, three of the crucial players behind the success of the strategy have reflected on…
The New Zealand Superannuation Fund has taken out the PRI ‘Stewardship Initiative of the Year’ award for its campaign against Facebook, Alphabet and Twitter to monitor and delete hate speech. The award, handed down on October 20 at the organisation’s annual conference produced from London, followed the action taken by the NZ$59.8 billion, as of…
Events of the past two years have led to many changes. In the investment world, perhaps none is more apparent than a new level of activism by pension funds. Managers and investee companies beware. At a plenary session at last week’s PRI Digital Conference (October 18-21), ‘Fund Governance for the Next Generation’, representatives of three…
Definitional concerns surrounding ESG have waned in the past few years. They are now mostly about measurement and standards. But what about impact investing? It looks like the new battle ground. Driven largely by the growing power of climate action forces, rising during the pandemic to a tidal wave of consumer, political and investor might,…
Usually restrained fund managers are venting their frustrations with governments and companies over climate inaction. The rebukes get louder as COP26 gets closer. Martin Currie, a global equities house with about $9 billion in Aussie shares, has made its position clear on what it would like to see come out of the Glasgow meetings for…
While the weight of global retail investment flows has swung behind climate-related themes in the past two years, that is not the case in all countries. Take a large developing nation such as South Africa for example. Ninety One, the listed global fund manager with a range of asset strategies and a long pedigree in…
After a lengthy search, State Street has appointed a country head for Australia as part of a progressive restructure designed to move away from a business unit focus to a more holistic approach. Tim Helyar has been recruited from J.P. Morgan, where he has spent the past 18 years, most recently as head of fund…
