SEARCH
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 Asia-Pacific region is leading the world on ESG adoption, a new study has found. ...
The RBA is expected to lift rates by 40 basis points in June as the employment market continues to tighten. ...
Economists agree that the Reserve Bank is likely to remain in inflation fighting mode until December. ...
Get notifications in real-time for staying up to date with content that matters to you.
Read More
