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.
Wealth management relationships are under threat as clients look to switch providers driven by the impact of the royal commission. ...
S&P Dow Jones has announced a new addition to its global ESG index using enhanced ESG scores and granular data. ...
Investor confidence is on the rebound and the ASX hit a 12-year high on Monday. But it’s not all good news for the Australian economy. ...