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ESG Newsletter

    Anchorage Capital CEO Kevin Ulrich Accused of ‘Sexual Battery’ in Luxury Hotel

    2020-11-09

    Institutional Investor: A woman accused Kevin Ulrich — head of hedge fund firm Anchorage Capital Group and board chairman of movie studio MGM Holdings — of sexually assaulting her in New York’s Mercer Hotel, but then discontinued the suit, legal filings show.

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    Sustainable Investing Advocates Hope for Friendlier U.S. Rules if Biden Wins

    2020-11-02

    Yahoo Finance: Progressive groups and investors hope Democratic presidential nominee Joe Biden can win on Tuesday and quickly end Trump administration rules that stifle their ability to pick stocks using environmental, social or governance factors, setting up a renewed fight with corporate groups that backed the changes.

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    U.S. Investors Are Getting Serious About ESG. This Year’s Fund Flows Prove It.

    2020-10-29

    Institutional Investor: Sustainable funds are attracting record inflows this year, as allocators increasingly emphasize environmental, social, and governance criteria.

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    Investors Overseeing $3 Trillion Push for Board Racial Diversity

    2020-10-28

    Bloomberg: A new coalition of institutional investors and advisers overseeing more than $3 trillion in assets is pushing U.S. public companies to disclose the racial makeup of their boards in a bid to increase the diversity of corporate directors. [Full article available to Bloomberg subscribers.]

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    Trump Administration Moves at ‘Warp Speed’ to Hurt ESG Investing

    2020-10-21

    Bloomberg: Despite widespread objections from the money management industry, President Donald Trump, through the U.S. Department of Labor led by Eugene Scalia, is speeding ahead with a proposal to make it more difficult for fiduciaries of retirement plans to direct money to ESG-focused funds. [Full article available to Bloomberg subscribers.]

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    Federal Regulators Urged to Address Climate Risk

    2020-10-19

    Pensions & Investments: The pressure on U.S. financial regulators to address climate risk is growing as investors and regulators overseas — and others at the state level — continue to forge ahead. [Full article available to Pensions & Investments subscribers.]

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    Investors Should Watch the Transatlantic Split on ESG Closely

    2020-10-15

    Financial Times: Which sectors of the market would flourish during a Biden presidency? That is a big question for investors right now, as Democrat Joe Biden rides high in the US polls – and his party makes bold statements about fiscal policy, unions and fossil fuels. [Full article available to Financial Times subscribers.]

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    Active Funds Dominate ESG – But Their Market Share is Slipping

    2020-09-30 

    Institutional InvestorWhile the pandemic hasn’t damped investor demand for ESG, asset flows to U.S. active managers fell in the first half of 2020, according to Broadridge. 

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    Road Map for California ESG Integration Unveiled

    2020-09-29 

    Pensions & Investments: California pension funds and policymakers have a road map for integrating climate change risk and other ESG considerations into their investment decisions, thanks to a partnership between the U.N.-supported Principles for Responsible Investment and UC Berkeley Law's Center for Law, Energy & the Environment. [Full article available to Pensions & Investments subscribers.] 

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    Goldman and GM Among 34 Firms to Share Private Diversity Data

    2020-09-28 

    BloombergMore than thirty of the largest U.S. companies  have agreed  to new disclosures of previously private race, gender and ethnicity workforce data as part of a push by the New York City comptroller and three city retirement funds.

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