Global wealth and asset manager Lombard Odier Investment Managers (LOIM) announced today that it has been selected by UK workplace pension fund Nest to manage a global themed equity investment mandate targeting a range of climate, environmental and and social.
According to Nest, the pension fund intends to invest £5 billion in the LOIM-managed strategy by 2030.
Ritesh Bamania, head of institutional sales UK and Ireland at LOIM, said:
“Nest is recognized for its commitment to positive outcomes for stakeholders through its investment strategies and innovative leadership in sustainability. We are delighted to partner with Nest on a mandate, building on our Planetary Transition strategy that recognizes the potential of sustainability trends to drive returns on active action.”
The new actively managed strategy will focus on three main themes, including climate change mitigation and adaptation, natural capital and social trends for a prosperous society.
According to LOIM, the new strategy will rely on the company's HolistIQ sustainability research and active equity investment teams to identify opportunities in developed and emerging markets that align with these themes. LOIM launched the holistiQ Investment Partners platform last year, in partnership with sustainability-focused systems designer and developer Systemiq, to capture economic transition investment opportunities, focusing on transforming key economic systems such as energy, land and oceans, and materials.
Jasbir Nizar, UK CEO and Global Head of Business Development at LOIM, said:
“We believe that the systemic changes resulting from the environmental transition will result in profound changes in business models, value chains and the organization of our economy. LOIM has invested significantly in resources and partnerships to create a cutting-edge research roadmap that translates these system changes into investment strategy, working seamlessly with our well-established active equity team.”
According to Nest, the mandate was granted after a rigorous selection process. Liz Fernando, CIO at Nest, said:
Lombard Odier was the standout candidate in the acquisition process, demonstrating that he can take a dynamic approach to portfolio construction. They have robust sustainability research capabilities, accompanied by a strong investment and governance process, which gives us every confidence that this will be a hugely successful partnership.”
