MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
ôInvestors who are aware of all factors that could affect investment performance are better placed to manage risk and generate value.ö says Jane Ambachtsheer, MercerÆs head of global responsible investments in London.
To that end it has hired Helga Birgden in Melbourne, who will promote responsible investments in Japan, China and South Korea, as well as Australia and New Zealand. She will advise institutional investors on formulating investment policies and executing management decisions related to environmental, social and corporate governance.
Birgden has managed governance and sustainable investment at UniSuper, Australia's largest superannuation fund.
Mercer established the responsible investments team in 2004 out of Toronto, the first investment consultant to do so, says Ambachtsheer. Its activities range from policy management to fund manager selection and monitoring.
Mercer's team also provides assessment criteria and monitors adoption among investors and money managers of a United Nations program called "Principles for Responsible Investments". The UN has signed up 92 institutional investors and 86 fund management companies that together manage assets of around $10 trillion. These are supposed to pursue policies that support investments that account for environmental, social and corporate-governance factors, in the belief these have a long-term impact on financial performance.
Members include Japan's Mizuho Trust & Banking and Thailand's Government Pension Fund, as well as fund managers such as Allianz Global Investors, ABN Amro Asset Management, Axa Investment Management, BNP Paribas, Credit Agricole Asset Management, First State Investments, JPMorgan Asset Management and Pictet Asset Management.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.