schemeXpert.com (Financial Times)
February 6, 2012
Strathclyde Pension Fund has become the latest scheme to hire a socially responsible investment overlay provider to reduce risk.
Strathclyde Pension Fund used a robust and transparent tendering process to whittle down a list of eight providers for a £100,000 socially responsible investment (SRI) overlay mandate.
Swedish firm GES Investment Services won the mandate.
Though Strathclyde plans to use GES to engage with its investee companies, it kept the shareholder voting rights with the investment managers.
By Owen Walker