Public markets present many opportunities to pursue environmental and social goals in investor portfolios. Bridgewater’s director of investment research, Karen Karniol-Tambour, discusses frameworks for assessing the sustainability and impact characteristics of public assets including equities, fixed income assets and commodities which investors can apply to their own portfolios.
Karen Karniol-Tambour joined Bridgewater in 2006 and heads investment research, overseeing teams of investors developing systematic insights on global markets and economies. Karniol-Tambour is a member of Bridgewater’s investment committee and co-chair of Bridgewater’s commercial and business strategy committee. She leads Bridgewater’s sustainable investing, and is a member of Harvard Business Schools’ Impact-Weighted Accounts Leadership Council. Karniol-Tambour received her AB from Princeton’s School of Public and International Affairs with a Certificate in Finance. She is a World Economic Forum Young Global Leader, an Atlantic Council Millennium fellow, and serves on the board of Seeds of Peace, a nonprofit cultivating young leaders to transform conflict in the Middle East and South Asia. Karniol-Tambour was included in Fortune’s 40 Under 40 most influential leaders in business.
White is responsible for the content across all Conexus Financial’s institutional media and events. She is responsible for directing the bi-annual Fiduciary Investors Symposium which challenges global investors on investment best practice and aims to place the responsibilities of investors in wider societal, and political contexts, as well as promote the long-term stability of markets and sustainable retirement incomes. She is the editor of www.top1000funds.com, the online news and analysis site for the world’s largest institutional investors. White has been an investment journalist for more than 20 years and has edited industry journals including Investment & Technology, Investor Weekly and MasterFunds Quarterly. She was previously editorial director of InvestorInfo and has worked as a freelance journalist for the Australian Financial Review, CFO, Asset and Asia Asset Management. She has a Bachelor of Economics from Sydney University and a Master of Arts in Journalism from the University of Technology, Sydney. She was previously a columnist for the Canadian publication, Corporate Knights, which is distributed by the Globe and Mail and The Washington Post. White is currently a fellow in the Finance Leaders Fellowship at the Aspen Institute. The two-year program consists of 22 fellows and seeks to develop the next generation of responsible, community-spirited leaders in the global finance industry.
Are you pursuing impact in your portfolio?
- Yes, in a small part of the portfolio (<5%)
- Yes, in one asset class but not in others
- Yes, in more than half of my portfolio
- Yes, in my whole portfolio
What most stands in your way to pursue more impact through your portfolio of public market assets?
- I worry I will give up too much return
- The availability of reliable and consistent data
- Communication with members and stakeholders (eg why we hold / don't hold certain assets)
- Availability of sustainable investments at scale
- Other challenges