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NEST's PE challenge to the industry | Top1000Funds.com


The UK defined contribution fund, NEST has added a number of new asset classes to its portfolio over the past year – including infrastructure with a focus on renewables – but the fund is still missing an allocation to private equity. CIO Mark Fawcett spoke to Amanda White about the fund’s challenge to the industry on private equity fees, its focus on climate-aware portfolios and innovative approaches to portfolio management.
From a standing start 10 years ago the UK defined contribution fund NEST has amassed £17 billion on behalf of 10 million members and has built a diversified portfolio with innovative implementation and fee structures. ....

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Coal moves to holistic management | Top1000Funds.com


The COVID crisis and the volatility of 2020 has revealed some lessons for the investment team at Coal Pension Trustees (CPT). It has taken a more top down view of managing its portfolio looking at economic themes, risk exposures, cashflows and its manager roster holistically. Amanda White talks to CIO Mark Walker about where it sees return opportunities, the prospect of manager consolidation and how it has embraced technology for better investment practices.
The two pension funds of the legacy coal industry in the UK are unique in many ways. Where most defined benefit funds in the UK are looking to match liabilities in their allocations, Coal is focussed on return-generating returns. They are probably the most mature defined benefit funds in the country – having not received any new money in 26 years since privatisation of the industry – but they take the most amount of risk, all in order to meet their obligations (and with a Government guarantee sat behind the liabilities ....

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Steinem calls for urgent action on diversity


. She co-founded the National Women’s Political Caucus, the Ms. Foundation for Women, the Free to Be Foundation, and the Women’s Media Center in the United States. As links to other countries, she helped found Equality Now, Donor Direct Action, and Direct Impact Africa. For her writing, Steinem has received the Penney-Missouri Journalism Award, the Front Page and Clarion awards, the National Magazine Award, the Lifetime Achievement in Journalism Award from the Society of Professional Journalists, the Society of Writers Award from the United Nations, and the University of Missouri School of Journalism Award for Distinguished Service in Journalism. In 1993, her concern with child abuse led her to co-produce an Emmy Award–winning TV documentary for HBO, ....

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