TORONTO, Sept. 12 /CNW/ - Ian O. Ihnatowycz, President, CEO and CIO of
Acuity Investment Management Inc. ("Acuity"), is pleased to announce that
Acuity has been awarded a $50 million Canadian Equity mandate focused on
environmentally sustainable investments by the California State Teachers'
Retirement System ("CalSTRS"). "We are very excited about CalSTRS's decision,
as it reinforces the interest we are seeing from institutional investors to
seek both returns and environmental benefits. We believe that investment
managers need to fully integrate the investment analytics needed to value
businesses with internal environmental, social and governance capabilities, as
we have successfully demonstrated over the last fifteen years." said Mr.
Ihnatowycz. CalSTRS is the second largest public pension plan and the largest
teachers' retirement fund in the United States. CalSTRS has a total membership
of nearly 800,000 public school educators and assets of US$169 billion.
"As a 'forever' investor, we have to look at the impact environmental
problems have on the long-term profitability of our holdings. Through this
program and with these partners, we are using our members' dollars to help
address such environmental issues as climate change while generating sound
returns," said Jack Ehnes, CalSTRS Chief Executive Officer. "Environmentally
responsible investing makes sense for the future growth and stability of our
Acuity Investment Management was established in 1990 and has gained a
well-earned reputation for providing discretionary investment management and
building lasting relationships with clients. As of June 30, 2007, over
$9.4 billion in assets are managed on behalf of individuals, pension funds,
foundations and endowments. Acuity has offered both environmental and socially
focussed investment strategies since 1991, and is a globally acknowledged
leader in these areas. Acuity is proud to be the only Canadian investment
manager selected to participate as a member of the United Nations Environment
Program Asset Management Working Group.
For further information:
For further information: Michael Peck, Vice President, Institutional at
(416) 867-2559 or Michael_Peck@acuityfunds.com