Newsmakers
HESTA’s Dianne Sandoval Named CIO of Maryland SRPS
The superannuation executive will succeed retired Chief Investment Officer Andrew Palmer at the Maryland State Retirement and Pension System.
Tag: HESTA
Asset Allocation
HESTA Dumps Mining Company Mineral Resources Stake due to Governance, Ethics Concerns
The $58 billion Australian superannuation fund also placed WiseTech on its watch list following four board resignations.
Asset Allocation
CalSTRS, HESTA Invest in Generate Capital’s Sustainable Infrastructure Platform
The institutional investors join AustralianSuper, among others, in the latest capital raise, which brought in $1.5 billion.
Asset Allocation
Super Funds Seek to Turn Australia Into ‘Renewable Energy Superpower’
A group representing A$1.2 trillion in assets is calling for reforms and investment on ‘a massive scale.’
Risk
Australia’s HESTA Accused of Greenwashing
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
Newsmakers
Australian Pension Funds Mercy Super and HESTA to Merge
Proposed deal is the latest in an ongoing consolidation within the industry.
Asset Management Culture
New York State Pension Fund Aims to Be Carbon Net Zero by 2040
The $226 billion Common Retirement Fund joins other institutional investors in following the Paris Agreement’s targets.
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.
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.