Hedge Week: The BlueBay Total Return Diversified Credit ESG Fund enables fixed income investors to gain an exposure to the firms ‘best ideas’ through an ESG lens across global high yield, bank loans, financial capital bonds, structured credit, Convertible bonds, emerging markets and developed market investment grade.
BNN Bloomberg: Morgan Stanley is introducing an initiative to draw more young people from diverse backgrounds to the finance industry, furthering its outreach efforts a week after appointing to the bank’s board its first woman of color.
Yahoo Finance: Citigroup Inc. won a municipal-bond deal in Texas, marking its potential re-entry into a booming corner of the municipal-debt market after a new Republican state law sought to punish Wall Street banks for their gun policies.
U.S. News: Coal and oil-fired power generation projects will find it difficult to secure investments, BlackRock Inc. Managing Director Eduard Ruijs said.
BNN Bloomberg: Larry Fink is among Wall Street’s most outspoken leaders when it comes to climate change. He also just placed a bid on a major fossil-fuel asset.
Funds Europe: North American individual investors lead Europeans at ESG investment, according to research from Natixis Investment Management that revealed 28% of North American investors held ESG investments compared to 22% of European investors.
Yahoo Finance: Pershing Square Capital Management’s founder Bill Ackman has thrown his hat into the inflation debate that has been simmering on social media amongst influential newsmakers including Cathie Wood and Elon Musk.
CNBC: While much of the world has been focused on environmental, social, and governance issues over the past few years, more recently, cracks are starting to show in the way companies are working to solve ESG challenges.
U.S. News: BlackRock Inc told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets.