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.
One Last Night: Chapter 1- The story of Akhtar Syed Kamal by Liz Fernando
Germany based artist Liz Fernando who finds her roots in conceptual research weaves a tale from her own memories. It initiates from her formative years in Germany interlinked with those of her parents, and also others who share experiences of the lasting impact of migration in its multifariousness. Through aural records paired with some images, One Last Night in Sri Lanka, drifts into her parents first intimate relationship, the feeling of belonging built while cohabiting, their first friend in a new land, sharing food, hope optimism as well as a known collective lingual code in the midst of their arrival in a city still divided by the Cold War.