Both funds will be diversified across sectors and will adhere to a rigorous ESG policy in accordance with analysis provided by BNPP AM’s Sustainability Centre.
Public pensions are finding ways to compensate for decreased government contributions.
A New England city is searching for an investment advisor to maintain its $140 million portfolio.
The transaction is expected to close in early 2021.
Texas state and local pension funds combined in 2019-20 to nearly maintain the record-breaking achievements of 2018-19.
Pension managers are facing a tough choice nine months into the pandemic: take on increased risk, or ask for more money from employers and workers.
He will represent the funds in private bank, trust and other institutional channels.
The fund plans to have a carbon-neutral portfolio by 2040.
The new v.p.s and associates will be based in New York or Los Angeles.
The two firms will acquire a minority stake in Kartesia in the process.