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Godfrey stated that the fund’s investment return target would be 5% plus the rate of CPI inflation over a rolling seven-year period.
He said the target included the caveat that there are “headwinds and tailwinds outside our control that can impact on that outcome.”
He added that equities and social-impact loans would be the initial investments, while unlisted companies, property development and infrastructure investments may be made later on.
Paul Grainger joins Neuberger Berman after departing Schroders last year
BNP Paribas launches sustainable forestry fund alongside International Woodland Company
Tom Norman-Butler spent 15 years at Montanaro before launching Beechtree Capital
It will take over management of its £17bn in assets under management
Industry commentators weigh in on inflation bounce
There is an ‘urgent need’ for firms to adopt ‘transformational’ new technology, and consolidation is the fastest route
