The purchase from asset manager TPG nets the pension fund seven electricity lines in 10 Brazilian states.
Ahead of an April 1 system overhaul, Steven Herbert has a ‘hundred actions’ he needs to perform.
Nest and others are discussing how to embed environmental and other worthy goals into manager disclosures and selection.
The asset manager and former consultant is the sixth investment chief to head the fund in about 13 years. He starts Jan. 16.
Verus and others have formed a diversity coalition as institutional pressure grows for greater racial equity.