LGPS Central launches £2bn multi-factor equity climate fund

first_imgLGPS Central, the asset pooling vehicle for nine UK local authority pension funds, has launched a multi-factor equity fund with a climate tilt.It brings together £2.1bn (€2.3bn) of assets from two of the pool’s local government pension scheme (LGPS) funds, with West Midlands Pension Fund and Cheshire Pension Fund the initial investors.The fund tracks the FTSE All-World Climate Balanced Comprehensive Factor Index and is designed to take into account “the risks and opportunities associated with climate change” while pursuing long-term superior investment returns.It is tilted away from companies with greater carbon emissions and the most carbon-intensive fossil fuel reserves, and favours those with revenues from environmentally-friendly products and/or services. Mike Weston, chief executive of LGPS Central, said: “The LGPS Central pool is fully aware of the risks and challenges that climate change poses – not only for the planet but also for investment returns – and our new fund enables us to align our shared sustainable investment ethos with our long-term investment goals.”The new sub fund, which is the pool’s seventh, will be managed in-house. LGPS Central’s partner pension funds have around £45bn in assets under management between them.last_img read more

Orange drop 3-1 decision to No. 8 Pittsburgh

first_img Published on October 5, 2018 at 9:46 pm Contact Andrew: arcrane@syr.edu | @CraneAndrew Syracuse’s historic undefeated start in ACC play came to an end on Friday night, as the Orange dropped a 3-1 decision to No. 8 Pittsburgh.Wearing their royal blue and gold retro uniforms, the Panthers (16-0, 5-0 Atlantic Coast) outscored Syracuse (8-5, 4-1)  98-68 over the four sets. Pittsburgh’s hitting percentage of .319 more than doubled Syracuse’s .157.The loss extended SU’s losing streaks against both the Panthers and ranked opponents, each dating back to 2015.In the first set, senior setter Jalissa Trotter opened with a service error, sending the ball out of bounds. From there, the Panthers would go on to hold leads of 8-3, 13-4, and 22-6. The 25-9 final marked the first time the Orange were held to single-digit points in one of the first four sets since Sept. 1 of last season against No. 6 Wisconsin.The Orange held their own in the second set and found themselves in a 22-22 tie with a chance to turn the page. SU was unable to finish, however, losing 25-23, with back-to-back kills from sophomore Kayla Lund breaking the tie.AdvertisementThis is placeholder textIn the third set, the Orange were able to finish, unlike the previous set. Up 24-22, a Lund kill brought the Panthers to within one. After calling a timeout to regroup and regain focus, a kill from Polina Shemanova won the Orange its first set.Playing out similar to the first set, Pittsburgh held leads of 10-3 and 20-10 in the fourth set, punctuated by a kill by Layne van Buskirk for the final point.Shemanova’s 10 kills led the Orange, however that total was her second lowest of the season and first time under 14 in conference play. Senior Santita Ebangwese had 10 blocks, while junior Kendra Lukacs contributed 12 digs.SU was unable to get its offense into a rhythm the entire match. They could not contain Pitt’s potent front line which was paced by Lund and Markovic with 21 and 18 kills, respectively.The Orange look to get back on track Sunday in their last of four consecutive road matches, taking on Virginia at 1 p.m. Commentscenter_img Facebook Twitter Google+last_img read more