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Investment

Nesta pulls $247m mandate from Northern Trust over climate stance

UK research and innovation foundation Nesta Trust has transferred £120 million ($247m) of assets from Northern Trust Asset Management to Amundi after the US manager withdrew from major global climate initiatives, highlighting the growing commercial consequences of fund managers stepping back from climate commitments.

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Read more: Nesta Trust,  Northern Trust Asset Management,  Amundi UK,  Charlotte O'Leary,  Eric Bramoullé,  Jenny Segal