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ESG Newsletter

    Hedge Funds Question How Green Investing will Impact Assets

    2021-07-12

    Funds Europe: Hedge fund investors are likely to demand information on ESG performance every 18 days, according to research that reveals concern in some parts of the industry that green investing will be good for their business.

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    Patchwork of ESG Ratings Sow Investor Confusion as Flows Surge

    2021-07-08

    BNN Bloomberg: As trillions of dollars flow into ESG strategies, global investors are becoming frustrated with the hodge-podge of standards and ratings designed to guide their allocation decisions and are clamoring for more uniform rules.

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    Allianz Global Investors to Reduce Holdings of Coal Businesses

    2021-07-08

    BNN Bloomberg: The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will no longer invest in companies that derive more than 30% of their annual revenue from thermal coal extraction, as well as those where more than 30% of their electricity production is based on coal. 

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    CFA Society's Goodhart: Diversity and Inclusion Must Remain Profession's Top Priority

    2021-07-07

    Investment Week: The investment sector’s focus on climate change is overdue, but while it is necessary to address climate, we must ensure that diversity and inclusion (D&I) considerations do not get forgotten.

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    10 Top Hedge Funds Focusing on ESG and Impact Investing

    2021-07-07

    Yahoo Finance: The environmental, social, and corporate governance (ESG) movement has forced big finance to recalibrate priorities around impact investing in the past few years. Hedge funds, one of the last to the ESG party, have recently also started incorporating ESG and impact considerations into their decision-making process for new ventures.

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    The Case Against Fossil Fuel Divestment

    2021-07-07

    BNN Bloomberg: The Maine Public Employees Retirement System can’t simply jettison investments in atmosphere-warming items such as coal, petroleum and natural gas. Since the fund’s “primary duty” is to the monetary wellbeing of retirees and members, it’s barred from selling any securities unless it’s in their “best financial interest,” explained MainePERS Executive Director Sandy Matheson.

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    ESG Criteria Crucial for Outperformance and Resilience – Especially in Crisis Year 2020, says LFDE

    2021-07-07

    Institutional Asset Manager: ESG criteria is an outperformance factor and an essential prerequisite for companies' resistance to crises, according to the latest "SRI & Performance Study by LFDE," conducted by French asset manager La Financière de l'Echiquier (LFDE) for the third consecutive year.

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    AMG CEO on Parnassus Deal: ‘Active Management is Almost Synonymous with ESG’

    2021-07-06

    Institutional Investor: Affiliated Managers Group and Parnassus Investments — the largest U.S. asset manager focused purely on environmental, social, and governance — have been talking about a potential deal for 10 years. This month the two reached an agreement.

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    Private Equity Follows the Money — and the Money is Ditching Fossil Fuels

    2021-07-06

    Financial Post: Today’s private equity shops — including the world’s largest alternative asset manager, Blackstone Group Inc. — are pouring capital into fast-growing sectors such as solar, carbon capture, and battery storage. 

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    Net Zero Asset Managers Initiative Announces 41 New Signatories, with Sector Seeing ‘Net Zero Tipping Point’

    2021-07-06

    Institutional Asset Manager: Forty one leading asset managers, representing USD6.8 trillion in assets, are joining the Net Zero Asset Managers initiative. Among other steps, this will see the investors work with clients to reach net zero emissions alignment across their portfolios by 2050 or sooner and set interim 2030 emissions reduction targets.

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