Cambridge University Assistants’ Contributory Pension Scheme (CUACPS) has announced the appointment of investment consultant Redington as its strategic investment adviser.
Redington will provide ongoing advisory services to the Scheme, assisting the investments committee in aligning its investment strategy with ultra-long-term growth objectives while adhering to regulatory requirements for pension schemes.
One of Redington’s core responsibilities will be to enhance the sustainability characteristics of the Scheme’s investments, with a specific focus on the role it can play in the climate transition as an investor and responsible steward of capital.
With assets totalling approximately £700 million and over 13,900 members, primarily consisting of the University’s Support Staff and certain staff from associated employers, CUACPS is an open defined benefit pension scheme.
Redington aims to enhance CUACPS’s investments across the global opportunity set, including access to private, alternative and impact strategies.
With over £500 billion of client assets under advisement, this appointment strengthens Redington’s global assets team, which provides bespoke investment research, advice and manager selection to a diverse range of clients worldwide.
Tara Gillespie, head of global assets at Redington, commented: “We welcome their commitment to ESG principles that will help to secure a more sustainable future for people and the planet.”
Michael Pratten, chair of the CUACPS investments committee, highlighted the collaboration with Redington, emphasizing the firm’s tailored approach: “The strength of its team and depth of capabilities across both public and private markets – as well as in sustainable investment specifically – will no doubt prove invaluable as we evolve our strategy for our ambitious long-term growth objectives.”
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