Institutional Investors

Norway's sovereign fund has exited one of Brazil's largest agribusinesses, the latest in its moves away from assets it deems linked to deforestation.

Six of the country's largest investors have signed an open letter calling on asset managers to adhere to a code of conduct, in a move to 'rebuild confidence.'

The $2.5bn pension system’s executive director allegedly arranged ‘for impromptu meetings with investment firms to justify travel expenses.'

Wendy Norris will now oversee private equity and property alongside infra and forestry amid a restructuring at Australia’s sovereign wealth fund.

Foreign investment rules introduced this month have not impacted the Rushy Lagoon sale, says CBRE's Peter Ryan, though the wider market may take 'a little time to adjust.'

The $230m pension has issued RFPs for commitments to the asset classes through its investment consultant Dahab Associates.

The $475m pension’s investment is its third with the Mississippi-headquartered timber manager, which officially launched the fifth iteration of its flagship fund in August.

During Andrew Claerhout's tenure, the pension has come to define ag and timber as 'a core building block' of its natural resources strategy.

Positive cash flows have helped assuage outflows generated by the energy portfolio as Chinese demand boosts forestry.

Under Neil Cunningham's tenure, timber and agri have grown to represent nearly 90% of the Canadian pension's $3bn natural resources portfolio.