ESG manager blasts Swedish Article 8 funds: "You're basically selling hot air"
The soon-to-be former Head of Sustainable investing at PFA, Sasja Beslik, recently said he was “sick of greenwashing”. Talking to AMWatch, he berates the global ESG industry, calling most funds an empty construct.
Sasja Beslik will soon be heading off to Japan to manage a small to mid-cap fund created specifically to be in line with the Article 9 classification in the European Sustainable Finance Disclosure Regulation (SFDR).
Farmland has performed well in an otherwise horrendous year for risky assets. Institutional investors generally search for uncorrelated return streams, potential green benefits and inflation hedges, and while the asset class ticks these boxes, it also comes with significant risks.
PFA’s real estate department is changing its strategy in expectation of more interest rate increases and recession, says the head of Nordic real estate, while three projects are being paused as ”it didn’t make sense to keep going.”
New opportunities to allocate more to riskier assets mean changes are being made at ATP. A restructuring of the central IT system has been the toughest nut to crack in the restructuring, which has been described as the most comprehensive change in the pension giant’s 60-year history.