Cushon Master Trust hires bond manager – DC & Auto-Enrollment

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On the way: The Cushon Master Trust worth $ 1.1 billion

The program has formulated a new investment strategy that aims to focus on greener companies that are widely expected to perform better over the longer term.

Lombard Odier and Wellington will manage a portfolio of 10 percent corporate bonds targeting the most promising companies heading towards net zero with the aim of helping that transition and delivering safer long-term returns, Cushon said.

Wellington will manage impact bonds with both a climate and a social focus. Lombard Odier will manage bonds that target a positive climate impact and fund companies that are committed to a green society.

“Both partnerships are an integral part of Cushon’s new investment strategy to further improve member engagement and ultimately results by managing investment risk sustainably as the world shifts to a net-zero economy,” stated the Master Trust .

Projects invested in include companies working to create a greener society and funding academic institutions that develop tools and research to support goals of reducing social inequality, such as Howard University.

Roger Mattingly, Chairman of the Cushon Master Trust, said, “We look forward to working closely with Wellington and Lombard Odier to continue to lead the pension industry in reducing emissions for the benefit of people and the planet and long-term membership improvement be. “, risk-adjusted returns.”

The new strategy also includes a 15 percent allocation to private markets managed by Schroders Capital and focuses on projects such as sustainable infrastructure, clean technologies, natural capital and climate insurance, and social and affordable housing.

This article originally appeared on MandateWire.com

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