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Business Wire: Asset managers are placing greater emphasis on active ownership of their investments and increasingly engaging on ESG issues with the underlying companies in their portfolios, according to a newly released survey conducted by Russell Investments. Ninety percent of respondents said they cover ESG in meetings with the senior management of companies that they invest in, up from 80% in the 2018 survey. Overall, 35% of respondents report they always cover ESG in their meetings, up from 21% in 2018.
Management Training News: Analysis of more than 4,300 hedge fund changes between July 1, 2020 and the 30% of hedge fund employees at all levels and in all functions in the US were male, compared with 74% in Europe / UK and 69% in Asia.
Institutional Investor: Against the backdrop of COP26, the 2021 UN Climate Change Conference in Glasgow, Scotland, a number of institutional investors — including prominent endowments at universities such as BU, Cornell, Dartmouth, Harvard, Loyola Chicago, UC Berkeley, and the University of Minnesota — have begun to divest from carbon-intensive assets.
EY: A burgeoning number of institutional investors around the world are placing greater emphasis on ESG performance in their decision-making and 74% are now more likely to divest from companies with poor ESG track records. However, concrete action is still lacking, and there is an urgent need for better quality disclosure from companies, according to the 2021 EY Global Institutional Investor Survey (pdf).
Hedge Week: Just over half – 53 per cent – of fund managers surveyed by Hedge Fund Research said they incorporate ESG factors or risks into their investment process – a total of 687 managers – while 47 per cent, or 609 fund managers, said they did not.
Institutional Investor: In October, Hughes was appointed to her current role, a new position that Schroders added as a part of a firm-wide effort to expand its sustainability investment team. Her appointment coincided with several other senior hires and promotions, including the appointments of Margot Von Aesch to head of sustainable investment management and Kimberley Lewis to head of active ownership, according to a press release.
BNN Bloomberg: As executives from JPMorgan Chase & Co., Citigroup Inc., Deutsche Bank AG and other lenders prepare for the most important UN climate summit in six years, their companies continue to help provide almost as much money for fossil fuels as for green projects.
BNN Bloomberg: Goldman Sachs Group Inc.’s asset management arm has hired Marit van Rheenen from Jones Lang LaSalle Inc. in a newly created role leading the firm’s ESG efforts for real estate in Europe and Asia.
Funds Europe: Responsible investing is not important when making decisions about their portfolio, according to half of those questioned by Embark in its latest Investor Confidence Barometer research.
BNN Bloomberg: The commodity rally may be the talk of Wall Street, but old-school energy producers are still lagging the oil price big time -- a tell-tale sign the era of green investing is in full swing.
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