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Showing 951 - 960 of 2543 results for "Asset"

UniSuper, pension funds buy forestry fund

RACHEL ALEMBAKIS  |  THURSDAY, 5 OCT 2023  |  NEWS
... acquired a Tasmanian forestry estate from a New Forests managed fund. UniSuper, the UK's Pension Protection Fund (PPF), and APG Asset Management N.V (APG) on behalf of its Dutch pension fund client ABP have bought Forico and a 170,000-hectare plantation ...

Australian companies lagging on climate action

RACHEL ALEMBAKIS  |  WEDNESDAY, 4 OCT 2023  |  NEWS
... implementation of climate transition plans while increasing obligations on lead investors. nearly 50 Australian fund managers and asset owners belong to the organisation. This year's revised benchmark assessment found that companies are also failing ...

Brookfield buys UK Banks Renewables

ROSE MARY PETRASS  |  WEDNESDAY, 4 OCT 2023  |  NEWS
Brookfield Asset Management will buy UK-based renewable energy company Banks Renewables for US$1 billion. This follows the acquisition of US renewable energy developer Urban Grid by Brookfield Renewable and its investors earlier this year for $650 million. ...

Danish pension fund completes US$520m divestment

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
Danish pension fund AkademikerPension has completed a fossil fuel divestment program to exit its portfolio of oil and gas stocks worth US$520 million with the sale of Italy's ENI. The fund, which oversees $20 billion in client assets, has undergone ...

Climate fund assets reach half a trillion dollars

ROSE MARY PETRASS  |  TUESDAY, 3 OCT 2023  |  NEWS
The world is failing to limit warming to 1.5°C - yet climate transition funds are gaining traction, with assets in open-end and exchange-traded funds with a climate focus now reaching US$534 billion. Boosted by inflows and product development, assets ...

ZEN Energy recruits new senior exec

RACHEL ALEMBAKIS  |  TUESDAY, 3 OCT 2023  |  NEWS
... appointed a new chief financial officer. Phillipa Chen joins ZEN from Macquarie Group where she was a Director of Macquarie Asset Management. "Phillipa brings deep industry and capital market experience to ZEN's Executive team at a time when we continue ...

Grim stats for company, investor net zero targets

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
... targets based on current trajectory, raising new risks for financial and corporate investment stability. According to Acadian Asset Management, the ASX300 has about a 20% probability of achieving net zero by 2050, based on their AI and large language ...

Nature credits a potential bonanza for Australia

RACHEL ALEMBAKIS  |  THURSDAY, 28 SEP 2023  |  NEWS
... of the Asia-Pacific. "I'm hoping that this really kickstarts actually not just corporates and financial institutions and asset owners and investors but really globally all of those different parties valuing nature and understand that nature really is ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  THURSDAY, 28 SEP 2023  |  NEWS
The gap between those with the most and those with the least has blown out over the past two decades, with the average wealth of the highest 20% growing at four times the rate of the lowest, new research suggests. A new report by the Australian Council ...

Exiting emissions-intensive assets may not reduce climate risk

ROSE MARY PETRASS  |  THURSDAY, 28 SEP 2023  |  NEWS
... investors that part-own them. While companies and investors are turning to divestment as a way to reduce their own exposure to asset- or stock-specific climate-related investment risks, the sale of emissions-intensive assets may result in unintended ...