Portfolio Manager, James Briggs and Head of UK Institutional, Anil Shenoy, share their thoughts on climate change risk management in Buy & Maintain portfolios while discussing the issues around data and the importance of performing forward looking fundamental ESG analysis on each bond within the portfolio.
Buy & Maintain corporate bond portfolios are expected to form a core component of a defined benefit (DB) pension scheme’s overall investments, particularly as they mature and approach their endgame.
Climate change risks are particularly relevant for these long-term portfolios as their investment horizon may be 15-20 years out, over which time climate related risks are expected to materialise.
While there is no simple solution, an iterative discussion with the investment manager is necessary to understand any trade offs that need to be considered when implementing climate risk strategies in portfolios.
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James Briggs is a Corporate Credit Portfolio Manager at Janus Henderson Investors responsible for the Global Investment Grade, Sterling Investment Grade, Buy and Maintain and UK Cautious Managed strategies. James joined Henderson in 2005 as a credit analyst and was named a portfolio manager in 2010. Prior to this, he was a credit analyst with BlueBay Asset Management and a high-yield analyst with Invesco Asset Management.
James graduated with a BA degree (Hons) in philosophy from University College London. He is a member of the Institute of Chartered Accountants in England and Wales and holds the Chartered Financial Analyst designation. He has 25 years of financial industry experience.
Anil Shenoy is Head of UK Institutional at Janus Henderson Investors, a position he has held since 2017. Anil joined Henderson in 2007 as an associate director within institutional business. Prior to Henderson, he was a life insurance consultant on a variety of life insurance projects and audits at PricewaterhouseCoopers’ actuarial and insurance management solutions practice from 2004. He started his career in 1998 as a graduate trainee with Standard Life, where he worked in a wide range of roles, including marketing, product development, investments, and sales.
Anil has a BSc degree (Hons) in actuarial mathematics and statistics from Heriot-Watt University and holds the Investment Management Certificate (IMC). He has 25 years of financial industry experience.
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