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Northern Trust opens Australia/NZ asset management office

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2015  |  NEWS
... foundation sector, a new growth area, Potter said. "We took the quality ESG product that we worked on with a regional investor here and we now launched that in the US," Potter said. "We have seen interest in that from the foundations and endowments in ...

Community 21 issues shares after phase one capital raising

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2015  |  NEWS
Community 21 has closed the first phase of its capital raising, after hitting minimum subscription level, and has issued shares to 21 not-for-profit investors. Peter Quarmby, Community 21 executive director Community 21 is the financial services company ...

Utilities sector face material ESG issues: Sustainalytics

RACHEL ALEMBAKIS  |  FRIDAY, 17 APR 2015  |  NEWS
The utilities sector globally is exposed to material environmental, social and governance (ESG) issue that will require companies to innovate in the face of radical change in coming years, according to a report by Sustainalytics. Sustainalytics undertook ...

Louise Davidson appointed ACSI CEO

RACHEL ALEMBAKIS  |  FRIDAY, 10 APR 2015  |  NEWS
... also previously worked at IFM Investors. She has also worked as chair of the PRI Australia Network and secretary of the Investor Group on Climate Change (IGCC). "I'm delighted to join such an influential organisation at such an important point in its ...

AICD backs 30% women ASX200 directors target

RACHEL ALEMBAKIS  |  FRIDAY, 10 APR 2015  |  NEWS
The Australian Institute of Company Directors (AICD) is backing a 30% target for female directors of ASX200 companies by 2018. This new target is a "significant extension" of AICD's previous diversity initiatives, said John Brogden, AICD managing director ...

bankmecu to participate in GABV bank investment fund

RACHEL ALEMBAKIS  |  THURSDAY, 2 APR 2015  |  NEWS
... equity and debt financing. We are well capitalised, so we wouldn't draw on the fund ourselves. We have started out as an investor with a modest amount, and as the fund grows, we have plans to kick it up." GABV was founded in 2009 and is an independent ...

Aust/NZ investors committed to ESG in alt investments: Mercer

RACHEL ALEMBAKIS  |  WEDNESDAY, 1 APR 2015  |  NEWS
Investors in Australia and New Zealand are strongly committed to integrating environmental, social and governance (ESG) considerations in their alternative asset investments, according to Mercer. Helga Birgden, head of responsible investing for Asia ...

ASIC issues report on payday lending

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAR 2015  |  NEWS
The Australian Securities and Investments Commission (ASIC ) has warned the payday lending industry to improve its consumer protections or face more enforcement action. ASIC issued a report recently that found that some payday lenders are "engaging ...

Climate Bonds Initiative looks to China's green bond market

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAR 2015  |  NEWS
... Kidney, Climate Bonds Initiative chair Both papers address practical challenges on the issuer side, as opposed to the investor side and were published separately. The Climate Bonds Initiative and International Institute for Sustainable Development (IISD) ...

Inflection Point CM to launch Carbon Zero fund

RACHEL ALEMBAKIS  |  FRIDAY, 27 MAR 2015  |  NEWS
Inflection Point Capital Management will launch a Carbon Zero Global Equities long-only hedge fund in May. Matthew Kiernan, founder and chief executive, Inflection Point Capital Management The Carbon Zero Global Equities Fund will incorporate Inflection ...