Limited resources and fear of failure bid the pension funds to turn to consultants, but also means they are potentially missing out on even more favourable investments.
The US asset manager has appointed a former Mercer executive to the newly created role.
With little in-house monitoring expertise, governance is a low priority for many pension scheme sponsors, according to two highly experienced institutional advisers
Investment consultant firms are seeking to advise asset owners over investments, putting them at risk of accusations of conflicts of interest with their traditional advisory roles.
Investment consultants admit that it's hard to make money in Asia. How are Cambridge Associates, Mercer and Willis Towers Watson responding to the challenge?
If asset managers and owners in Asia are to incorporate climate risk into their investment modelling processes, they will need more regulatory certainty on the issue, say consultants.