EnCap Investments plans to raise $1.5 billion for a new fund that seeks to capitalize on North America’s shift to clean-energy infrastructure, said people familiar with the matter.
Many investment firms have been touting new products as socially responsible. Now, regulators are scrutinizing some funds in an attempt to determine whether those claims are at odds with reality.
U.S. institutional investors are consolidating their manager rosters in more commoditized, efficient markets strategies. As they reduce spending on this portion of their portfolio, they simultaneously increase spending on esoteric products that are more apt to attract excess returns.
As world leaders converge at this week’s climate summit in Madrid to debate how best to shift to a net zero-economy, Michael Sabia is leaving the helm of Canada’s second-largest pension plan having firmly placed Quebec’s retirement savings at the forefront of the global movement for low-carbon investing.
The practice of companies sending monthly retirement checks to their former workers is headed for extinction, and remaining pension funds are in tough financial shape.