AXA IM wins $1bn ESG mandate

By Tim Stewart
 — 1 minute read

AXA Investment Managers’ quantitative platform, Rosenberg Equities, has been appointed by US pension fund CalPERS to manage a $1 billion ESG portfolio.

The California Public Employees’ Retirement System (CalPERS) has appointed AXA IM’s quantitative platform Rosenberg Equities to manage a portfolio of environmental and socially responsible investments.

The mandate, which will be actively managed by Rosenberg Equities, will focus on low volatility and high earnings quality while integrating ESG.


AXA IM head of Australia and New Zealand Craig Hurt said the new mandate reflects the fund manager’s commitment to global, active, sustainable and low-cost equity strategies.

“Our mandate with CalPERS is based on the same strategy that was launched first here in Australia in 2014, our locally domiciled AXA IM Sustainable Equity Fund,” Mr Hurt said.

“We have delivered on the proposition over the past four years and now investors in other parts of the world are following Australia’s lead,” he said.

CalPERS is the world’s fifth-largest pension fund with US$356 billion in funds under management.


The must-attend event for financial advisers is back in 2022: the ESG Summit, coming to Sydney and Melbourne in February. Walk away with vital knowledge on a number of key ESG areas to help you make informed ESG strategy decisions and to better communicate and integrate the growing ESG space to clients. Visit the website to secure your place.


AXA IM wins $1bn ESG mandate
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