ESG

2024 Institutional Survey Results from 116 Allocators

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Markets Group surveyed 116 institutional allocators from Public
Pension Funds, Endowments, Foundations, and Corporate Pension Funds to
understand how they navigated a year defined by economic uncertainty,
geopolitical tensions, and shifting investment landscapes. This report captures
their perspectives on emerging market opportunities, macroeconomic challenges,
ESG integration, and evolving strategies across asset classes. From the
increased appeal of private credit to cautious optimism in real estate and the
measured adoption of AI, these insights reflect the adaptability and resilience
of institutional investors as they prepare for the complexities of 2025.

Exclusive: CIO Andrew Palmer on Investing Around Risk While Hitting Benchmarks

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Andrew Palmer, Chief Investment Officer of the
Maryland State Retirement Agency, which manages the $67 billion fund for
Maryland state pension plans, did something very interesting. He was given a
mandate by the state of Maryland to put all of his investments through an ESG
lens. And he did it in such a way, that he believes his investments will avoid
conflict if there’s a political regime shift in the United States. He’s been hitting his benchmarks for years.

On April 30, Markets Group will be awarding Palmer a
Strategy Award as part of our Investor’s Forum in Washington D.C. The award is
meant to highlight thought leaders within the allocator community who have come
up with a strategy that others can learn from.

Some people argue that ESG detracts from investment
returns, but Palmer has been able to hit all of his benchmarks for years. During
this interview, we will discuss how he did it, how he looks at his portfolio,
and ask him what other allocators should be aware of.