The CIO looks to ‘critical trends’ of decarbonization, deglobalization, and demographic dynamics as portfolio drivers over the next 10 years.
A lack of capital spending in mining such ‘transition metals’ as copper, nickel and lithium is linked to chaotic prices, the research firm says.
The New York State Common Retirement Fund also invested $25.5 million in a fund managed by one of its Emerging Manager Program partners.