UK charity endowment manager Nesta Trust announced that it has transferred a £120 million (USD$160 million) investment mandate from U.S.-based Northern Trust Asset Management (NTAM) to European asset manager Amundi, stating that the move is a “direct consequence” of NTAM’s departure from climate-focused investment groups Net Zero Asset Managers Initiative (NZAMI) and Climate Action 100+ … Continue reading Northern Trust Loses $160 Million Mandate to Amundi Over Exit from Climate Groups
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Northern Trust Loses $160 Million Mandate to Amundi Over Exit from Climate Groups
UK charity endowment manager Nesta Trust announced that it has transferred a £120 million (USD$160 million) investment mandate from U.S.-based Northern Trust Asset Management (NTAM) to European asset manager Amundi, stating that the move is a “direct consequence” of NTAM’s departure from climate-focused investment groups Net Zero Asset Managers Initiative (NZAMI) and Climate Action 100+ … Continue reading Northern Trust Loses $160 Million Mandate to Amundi Over Exit from Climate Groups