Asset and global wealth and manager Lombard Odier Investment Managers (LOIM) proclaimed today that it has been nominated by the UK workplace pension fund Nest to handle a global thematic equities investment mandate aiming at a series of climate, environmental, and social schemes.
As per Nest, the pension fund proposes to invest £5 billion in the LOIM-managed plan by 2030.
Head of UK and Ireland Institutional Sales at LOIM, Ritesh Bamania, stated that
Nest is known for its commitment to positive stakeholder results through its investment approaches and thought leadership in sustainability. They are pleased to partner with Nest on a directive, based on our Planetary Transition plan that identifies the potential of sustainability tendencies driving returns in active equities.
The new vigorously managed strategy will emphasize three important themes, together with climate change mitigation and adaptation, natural capital, and social tendencies for a thriving society.
As per Lombard Odier Investment Managers, the innovative strategy will be the firm’s holistic sustainability study and vigorous equities investment teams to recognize opportunities across established and emerging markets that are united with these themes.
Jasbir Nizar, UK Chief Executive Officer and Global Head of Business Development at Lombard Odier Investment Managers stated that they believe that system changes subsequent from the environmental evolution will result in reflective changes in business models, business value chains, and the organization of their economy. LOIM has capitalized significantly on resources and corporations to create a cutting-edge roadmap study that interprets these system changes into investment policy, working effortlessly with our well-established vigorous equities team.
As per Nest, the mandate was presented following a severe selection process. Liz Fernando, CIO at Nest, stated that
Lombard Odier was the stand-out applicant in the procurement procedure, representing that they can take a dynamic tactic to portfolio construction. They have vigorous sustainability study capabilities, accompanied with a robust investment procedure and governance, that give them every kind of self-assurance that will lead to an enormously successful partnership.