First, here’s today’s top stories:
- This is exciting: Some investors are starting to take African infrastructure investments much more seriously. And if count yourself among them, you really have to go talk to these guys. Seriously.
- PGGM is looking to apply ESG to investing in private equity assets.
- There’s been a rather public disagreement (Zing!) between Temasek and Standard Chartered (Zing! & Zing!).
- Malaysia’s Kumpulan Wang Amanah Pencen (KWAP) has acquired a big City of London office block in the UK from CPPIB.
- CalPERS and CalSTRS remain committed to their emerging manager programs.
Second, here’s a longer article for your weekend reading enjoyment:
- Given the cool news above about African infrastructure investments gaining traction, I thought I’d direct you to a rather interesting research report written by JP Morgan’s Yasemin Saltuk entitled, “A Portfolio Approach to Impact Investment: A Practical Guide to Building, Analyzing and Managing a Portfolio of Impact Investments.” It’s quite an interesting read, as it offers a framework for considering Impact, Return, and Risk in a broad investment decision-making process. Here’s a blurb:
“This report is written as a practical guide to building, analyzing and managing portfolios of impact investments for professional investors. In traditional financial analysis, investment management tools allow investors to evaluate the return and risk of individual investments and portfolios. This research presents a tool to analyze impact investments across the three dimensions that determine the performance of these assets: impact, return and risk. Throughout, we reference the experiences of impact investors with case studies of how they approach each step of the portfolio construction and management process.”
Anyway, given that some investors may look at African infrastructure investments as being part of an impact strategy, I thought this relevant. Enjoy your weekend.
