British Airways Pensions has decommissioned its in-house investment operations, moving all assets to BlackRock as outsourced chief investment officer (OCIO).
The trustees of British Airways’ pension schemes have agreed to outsource all directly managed assets to BlackRock in the largest OCIO deal to date in the UK, bringing to an end one of the country’s most experienced independent in-house teams.
The move means dramatic changes for the 42 members of the BA Pensions in-house team, many of whom have been in place for well over 10 years.
Employees of provider British Airways Pension Investment Management Limited (BAPIML), including CIO David Stewart and deputy CIO John St Hill, have transferred to BlackRock, alongside some from the administration unit. The property team under Paul Scott also transfers to BlackRock, as reported by our sister publication IPE Real Assets.
BlackRock launches world ESG insights equity fund
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Hope William-Smith, Professional Pensions
BlackRock has this week launched a fund designed to simplify environmental, social, and governance (ESG) investing through a focus on factors that demonstrate materiality for investors.
The Authorised Contractual Scheme (ACS) World ESG Insights Equity Fund is underpinned by BlackRock s existing ESG framework, designed to overweight companies it believes may benefit from capturing ESG risks while also aiming for a 50 per cent reduction in carbon intensity compared to the FTSE Developed Index.
BlackRock adds to ESG offering with new insights equity fund
By Tom Higgins 28
th April 2021 3:47 pm
BlackRock has launched a new ESG oriented equity fund, adding to its portfolio of products with a sustainable tilt.
The Authorised Contractual Scheme (ACS) World ESG Insights Equity Fund will have a focus on demonstrating materiality by simplifying ESG investing.
The fund will be managed by Jonathan Adams and Andre Bertolotti who will utilise research insights from BlackRock’s Sustainable Investing team.
BlackRock head of UK Sarah Melvin said: “With the significant reallocation of capital to companies with more sustainable practices already underway, pension schemes, insurers, and wealth platforms are asking for our help to realise this historic investment opportunity.