Risk
Australian Pension Fund Settles Climate Change Lawsuit
Mark McVeigh calls the settlement with Rest pension fund a ‘ground-breaking recognition’ of risks posed by climate change.
Tag: Australia
Asset Management Culture
Australia’s IFM Investors Targets Net Zero Goal by 2050
The $114.6 billion fund joins a growing list of pensions and endowments aligning with the Paris Agreement target.
Asset Management Culture
Shakeup at Australia’s AMP over Sexual Misconduct Allegations
Board Chairman David Murray leaves, along with another director, as Boe Pahari steps down as AMP Capital’s new CEO, after uproar over Pahari’s promotion in light of 2017 harassment complaint against him.
Pensions
Netherlands, Denmark, Australia Rated World’s Top Pension Systems
Thailand, Argentina, and Turkey were ranked as having the worst pension systems in the world by Visual Capitalist.
Alternatives
Australia’s Second Largest Pension to Divest from Thermal Coal
The fund also said it will reduce emissions from its listed equities by at least 30% in under three years.
Alternatives
Australian Pension Fund Commits to Becoming Net Zero by 2050
HESTA also pledges to reduce portfolio’s carbon emissions by one-third within 10 years.
Corporate Moves
Exclusive: Raphael Arndt’s Ascension to CEO of the Future Fund
Arndt discusses with CIO his leadership strategies focusing on the democratization of intelligence and empowering individuals within the fund.
Shop Talk
Institutional Investors, Asset Recycling, and the US Infrastructure Agenda
Infrastructure is a hot topic in the upcoming fourth coronavirus stimulus package, and the world’s wealthiest asset managers, bearing an appetite for portfolio resiliency and diversification, could be of great assistance.
Asset Management Culture
Aussie Pension Suspends Its Short Selling-related Stock Program
Unisuper cites its ineffectiveness in helping the current market situation.
Pensions
Australian Pension Merger Trend Continues
First State Super and WA Super announce they’ve begun merger talks.
Asset Allocation
Anti-Fossil Fuel Protests Hit Australia Pension’s Doorstep
Members of Australia’s UniSuper Fund protest against the fund’s fossil fuel investments.
Shop Talk
Australia’s Fires Push Pension Plans Into Action
Institutional investors Down Under begin to rally behind more ambitious environmental efforts.
Asset Allocation
Australia’s Future Fund Invests Directly in Cloud Computing After Best Returns Since 2015
The Australian mega fund acquires a 24.1% stake in data center operations.
News
Millennial Sues Australian Pension Fund over Climate Change Risks
24-year-old says fund broke the law by not providing information about climate change risks.
Asset Management Culture
2 More Aussie Pensions Eye Merger, Forming Down Under’s Largest Fund
Sunsuper and Qsuper hold consolidation talks on creating an A$183 billion portfolio.