Caisse des depots et consignations, Paris, the €175 billion ($180.5 billion) French public sector pension fund, launched a new dedicated global sustainable equity strategy to be run by Nomura Asset Management, according to a news release.
The fund was launched in December, and is a tailored version of NAM’s existing Global Sustainable Equity Fund which launched in 2019.
Once fully funded the global sustainable equity strategies will contain roughly $1.8bn in assets under management, across the core strategy and variants which include environmental enhanced and Sharia-compliant versions.
NAM will operate the mandate on behalf of both CDC and its client Ircantec, a supplementary pension fund for nonpermanent public sector employees.
“We are extremely excited and grateful for this opportunity to work with Caisse des dépôts and Ircantec on this new mandate," Alex Rowe, sustainable equities portfolio manager at Nomura AM, said in the release. "Winning this business against such strong competition is a fantastic testament to all of the dedication the global equity team has put in over the last decade to create an approach to ESG and sustainable investment that is highly differentiated within our industry.”
Headquartered in Japan but with offices worldwide, NAM managed $590 billion in assets as of Dec. 31.
