Veteran Fund Managers Launch EM Boutique Investment Firm
Aikya Investment Management will focus on sustainable investments.
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Fund will invest 80% in securities that meet its environmental criteria and contribute to the World Wildlife Fund.
AXA IM Alts creation is in response to the ‘hunt for yield’ in a persistent low-rate environment.
$78.9 billion pension fund would be permitted to invest as much as 5% of portfolio in alternatives.