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International Investment: Deutsche Bank AG's asset-management arm, DWS Group, are under investigation by US Securities and Exchange Commission and federal prosecutors for allegedly overstating its ESG credentials across its $1tn fund range, according to reports.
Stanford Social Innovation Review: ESG has become increasingly mainstream for investors in recent years, as part of a broader wave to embrace purpose and stakeholder capitalism: More than $100 trillion in assets under management (AUM) globally are managed according to ESG principles.
Cision: Calamos Investments®, a global investment management firm managing over $40 billion in AUM, announced today that it has hired Environmental, Social, and Governance investing pioneers Anthony (Tony) Tursich and James (Jim) Madden to lead the development of focused sustainable investment products.
Investment Executive: Amid growing concerns about so-called greenwashing, and other issues arising from the growth of sustainable investing, the Canadian Securities Administrators (CSA) is hosting an online roundtable to discuss ESG-related regulatory issues in asset management.
The Sydney Morning Herald: One of the country’s leading ethical investors says the nation’s $3.3 trillion superannuation industry could move beyond divestment and adopt “green short-selling” as a tactic to pressure local companies with high carbon emissions to take greater action on climate change.
Private Equity Wire: Trudi Boardman, Hedge Fund Specialist at Cambridge Associate said that many hedge funds are still in the earlier stages of introducing ESG policies and processes, and that “there’s still a long way to go.”
Investment News: The firm, which already has a private strategy that makes impact investments, expects to launch the fund by October, according to an investor document viewed by Bloomberg. It will focus on consumer, financial, technology and health care stocks and invest globally in companies with market values exceeding $1 billion.
Financial Advisor: ESG investing, by definition, is active investing, according to Simon Hallett, chair of the Active Managers Council's Research Committee.
Pitchbook: In the same week that Afghanistan's capital, Kabul, fell into the hands of Taliban militants, ushering in a new era of regional instability, two major deals in the defense sector also hit the headlines.
Private Equity Wire: Investments will focus on limited partner stakes with substantial ownership and/or management by women and minorities, particularly those raising capital for first or second funds.
Hedge Week: The implementation of ESG metrics for regulated funds under the EU’s sustainability-focused SFDR framework remains a “work in progress” for many hedge funds and other asset managers, according to fund structuring and governance service provider Waystone.
Institutional Investor: When it comes to environmental, social, and governance investing, regional context is imperative, according to Rayliant Global Advisors’ founder Jason Hsu.
IR Magazine: Getting started on the ESG process, picking a framework and how much IR professionals really need to know about ESG: Matt DiGuiseppe, head of Diligent’s ESG Center of Excellence talks ESG reporting.
BNN Bloomberg: Sustainable investment assets grew to $35.3 trillion globally last year amid mounting concerns about societal inequities and climate change.
Cision: Cohen & Steers, Inc., a leading global investment manager specializing in real assets and alternative income, announced today that Khalid Husain has joined the firm as Senior Vice President and Head of ESG.
Institutional Investor: The pandemic was the catalyst for 100 Women in Finance’s first truly global capital introduction event to connect female fund managers to institutional allocators.
Investor Daily: The demand from investors for robust sustainable investment products and funds is accelerating. A Moody’s Investors Service report highlights the rapid rise in the demand for sustainable funds with a record 140 per cent increase in 2020.
Institutional Investor: Pension funds that develop environmental, social, and governance frameworks without government interference tend to have an easier time incorporating those programs into their investment process.
Hedge Week: Structured credit is a “naturally ESG-friendly” asset class, owing to its focus on real asset financing, underlying loan transparency, and strict governance on structures, BlueBay Asset Management portfolio managers said this week.
Fast Company: When upstart activist hedge fund Engine No. 1 secured three seats on the board of ExxonMobil in June, it was a high-profile repudiation of the way the country’s largest oil company has long conducted business: with a laser focus on returns and a blind eye to its impact on the world at large.
Bloomberg: The City University of New York today announced the creation of CUNY Futures in Finance, a comprehensive workforce development initiative to cultivate and train CUNY students for careers in the financial industry.
Citywire Selector: DWS has appointed Aleksandra Njagulj as global head of ESG for real estate, the firm has announced.
IPE: Hedge fund managers in Europe need to focus on building closer partnerships with investors by providing additional services, according to the latest issue of The Cerulli Edge – Global Edition, which is published by consultancy Cerulli Associates.
Forbes: Financial professionals that have been advocating for sustainable and ESG investing are hoping that a report released by the United Nations Intergovernmental Panel on Climate Change will serve as a wake up call.
The Globe and Mail: To read the headlines, one might easily think that the application of environmental, social and governance (ESG) factors in investment decision-making is in full flight.
South China Morning Post: China’s green-economy sector, the new darling of stock investors, has become a flashpoint between asset managers and fund holders.
CNBC: Berkshire Hathaway is one of the best-run public companies of the 20th century, with the financial performance to prove it. But as the 21st century brings a new generation of investors shifting from pure shareholder capitalism to the stakeholder capitalism aligned with environmental, social and governance mandates, is Warren Buffett’s company positioned to be an ESG leader or laggard?
Private Equity Wire: Analysis of a business’s Environmental, Social and Governance credentials must play a far bigger role in due diligence for M&A deals, says Accuracy, a global independent financial and strategic consulting firm.
Yahoo Finance: Khiron Life Sciences Corp., a vertically integrated medical cannabis leader with core operations in Latin America and Europe, is pleased to announce the release of its inaugural Environmental, Social and Governance (ESG) report, which captures the period between January 1, 2020 and December 31, 2020.
Opalesque: A new manager located near Boston has just launched a long/short ESG hedge fund with a strong focus on company business models and innovation, combined with ESG factors - following the belief that it is a myth that one must sacrifice returns to invest alongside their values.
Independent: There’s a £16 trillion problem that’s been keeping central bankers past and present up at night: “stranded assets”. It’s one made all the more stark by the UN’s Intergovernmental Panel on Climate Change (IPCC) warning on Monday that time’s nearly up if the world’s to avoid extreme climate crisis.
BNN Bloomberg: The link between a hotter planet, loss of economic wealth and investment returns isn’t always well understood in ESG strategies, particularly those targeting developing markets, according to a report by the head of strategic research at Nordea Bank Abp.
Wealth Adviser: Investment holding company MBH Corporation’s latest research shows that employee satisfaction platforms, such as Glassdoor, will play an increasingly important role for investors assessing ESG credentials at smaller firms.
Citywire Selector: JPM AM has expanded its range of US equity funds with a sustainability-focused strategy, the firm has announced.
Hubbis: HSBC has rolled out a new ESG (Environmental, Social and Governance)-themed structured note in Asia, further enriching its broad suite of wealth products with more specific investment themes within the ESG universe.
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