Sustainability
Investors call for more transparency in climate disclosures
Investors including the French SWF wanting clarity around corporate carbon emissions call for mandatory disclosure.
Amanda WhiteJune 17, 2021
The Latest
Sustainability
Time for institutional investors to confront income inequality
A new toolkit from The Investment Integration Project, with support from the Generation Foundation, applies principles of systems-level investing to show how investors can confront income inequality and take actions that enhance their current policies and practices. William Burckart and Michael Musuraca from TIIP explain.
William Burckart and Michael MusuracaJune 16, 2021
Sustainability
Church of Sweden manages concentration risk
The SEK10 billion Church of Sweden fund invests all its assets through a sustainability lens. It’s had stellar performance driven largely by a chunk of the fund invested in the Generation Investment Management global equity fund, an investment that was diluted last year to manage concentration risk. Amanda White spoke to CIO, Anders Thorendal.
Amanda WhiteJune 15, 2021
Sustainability
Execution risk in net zero portfolios
Implementing net zero ambitions is a huge execution risk for investors, says Frederic Samama who warned of the risk of everyone doing the same thing at the same time.
Amanda WhiteJune 7, 2021
Sustainability
How CalSTRS took on Exxon
In an unequivocal message to boards that climate inaction could cost them their positions, Exxon shareholders voted this week to replace atleast two of its directors with those that have experience in climate transition. It is a win for CalSTRS which has been vocal in its support of Engine No.1, the activist hedge fund that put forward the alternative directors. The proposal was also supported by CalPERS and New York State Common Retirement Fund.
Amanda WhiteMay 27, 2021
Sustainability
Examining the limits of modern portfolio theory
The definition of what it means to invest is changing, according to Jon Lukomnik and James P. Hawley, which means examining the limitations of the 75-year old legacy of modern portfolio theory.
Jon Lukomnik and James P. HawleyMay 27, 2021
Sustainability
Impact takes centre stage at Bridgewater
The appointment of Karen Karniol-Tambour and Carsten Stendevad as co-CIOs of Bridgewater’s new sustainability business marks a major milestone in the hedge fund’s business, applying its deep research-driven systematic approach to a new set of problems. Amanda White speaks exclusively to the two CIOs.
Amanda WhiteMay 13, 2021
Sustainability
Honey, I shrunk the ESG alpha
Research conducted by Scientific Beta looks at the performance of ESG strategies and asks whether non-financial information in ESG scores offers additional performance benefits. The research finds that the effect of risk adjusting the performance of ESG strategies shrinks the apparent alpha to a level where none of the strategies delivers positive alpha.
Amanda WhiteMay 11, 2021