Foundations, align your endowments with your mission

UK charity endowment manager Nesta Trust announced that it has transferred a £120 million (USD$160 million) investment mandate from U.S.-based Northern Trust Asset Management (NTAM) to European asset manager Amundi, stating that the move is a “direct consequence” of NTAM’s departure from climate-focused investment groups Net Zero Asset Managers Initiative (NZAMI) and Climate Action 100+ (CA100+).N