Nest, a $45 billion UK workplace pension fund, plans to increase private assets holdings to 30% of its portfolio, a significant move in alternative investments. The fund has appointed Lombard Odier to manage a new ESG equity fund aiming to exceed $6 billion in assets.
Low-wage Brits to have pension savings "invested" in high-fee ESG fund -- without penalties for poor performance. "The National Employment Savings Trust (Nest), the £36 billion state-backed default pension fund, has hired the Swiss private bank, Lombard Odier, to manage a new… https://t.co/c6rJmzZBeR
Nest, the UK’s biggest pension plan by members, has appointed Lombard Odier to run a new ESG equity fund with a target of exceeding $6 billion in assets https://t.co/mIFgjMPYO8
UK Chancellor Jeremy Hunt plans to spur pension funds to invest in UK assets https://t.co/91iNOwg2OP via @Joe_Mayes https://t.co/lhqoveHUOv
Exclusive: Top UK pension fund Nest expects to lift private assets to 30% of holdings https://t.co/anDVIf3fOF https://t.co/Go9MXdfBjP
Exclusive: Nest, a $45 billion UK workplace pension fund, expects to ramp up private assets holdings to as much as 30% of its portfolio, in one of the most significant moves into alternative investments by a large UK retirement scheme https://t.co/H6qGQe8TdP
Exclusive: Nest, a $45 billion UK workplace pension fund, expects to ramp up private assets holdings to as much as 30% of its portfolio, in one of the most significant moves into alternative investments by a large UK retirement scheme. More here: https://t.co/q0w5EyF2Ke