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Investors are increasingly seeking to design portfolios that achieve financial goals (return & risk) and have environmental and social impact. This session will look at how to assess the effect of ESG issues on macro economies and markets and how to engineer a scalable strategic asset allocation that delivers consistent financial performance and is aligned to the UN Sustainable Development Goals.
View Karen’s presentation slides here[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Karen%20Karniol-Tambour%22%2C%22job_role%22%3A%22Head%20of%20investment%20research%2C%20Bridgewater%20Associates%20(United%20States)%22%2C%22content%22%3A%22Karen%20Karniol-Tambour%20is%20the%20Head%20of%20Investment%20Research%20at%20Bridgewater%20Associates%2C%20the%20world%E2%80%99s%20largest%20hedge%20fund%20with%20%24160%20billion%20in%20institutional%20investments.%20In%20this%20capacity%2C%20she%20oversees%20a%20team%20of%20over%20150%20investment%20professionals%20researching%20and%20building%20systematic%20strategies%20to%20trade%20global%20financial%20markets.%20Karen%20oversees%20Bridgewater%E2%80%99s%20systemized%20investment%20logic%20for%20trading%20fixed%20income%2C%20with%20a%20secondary%20responsibility%20for%20equities%2C%20and%20is%20a%20regular%20author%20of%20Bridgewater%E2%80%99s%20Daily%20Observations.%20She%20meets%20regularly%20with%20investors%20and%20policymakers%2C%20and%20represented%20Bridgewater%20at%20the%20World%20Economic%20Forum%20in%20Davos%20in%202017%20and%202018.%5CnKaren%20graduated%20from%20Princeton%20University%E2%80%99s%20Woodrow%20Wilson%20School%2C%20where%20she%20studied%20under%20Nobel%20Laureate%20Daniel%20Kahneman%20and%20was%20awarded%20the%20Gale%20F.%20Johnson%20Prize%20in%20Public%20Affairs.%20%20Born%20and%20raised%20in%20Israel%2C%20Karen%20has%20worked%20with%20nonprofit%20Seeds%20of%20Peace%20since%20she%20was%20a%20teenager%20and%20serves%20as%20member%20of%20its%20Global%20Leadership%20Council.%20Committed%20to%20enhancing%20women%E2%80%99s%20leadership%20in%20finance%2C%20Karen%20is%20an%20active%20angel%20investor%20focusing%20on%20technology%20startups%20led%20by%20women.%20She%20is%20a%20Council%20on%20Foreign%20Relations%20Corporate%20Leader%20and%20was%20included%20in%20Business%20Insider%E2%80%99s%20Rising%20Stars%20Under%2035%20in%20Asset%20Management%5Cn%22%2C%22image%22%3A%2233594%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fsaker-nusseibeh-cbe-6b15a85%2F%3ForiginalSubdomain%3Duk%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Amanda%20White%22%2C%22job_role%22%3A%22Director%2C%20institutional%20content%2C%20Conexus%20Financial%20(Australia)%22%2C%22content%22%3A%22White%20is%20responsible%20for%20the%20content%20across%20all%20Conexus%20Financial%E2%80%99s%20institutional%20media%20and%20events.%20She%20is%20responsible%20for%20directing%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20which%20challenges%20global%20investors%20on%20investment%20best%20practice%20and%20aims%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%2C%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%20retirement%20incomes.%20She%20is%20the%20editor%20of%20conexust1f.flywheelstaging.com%2C%20the%20online%20news%20and%20analysis%20site%20for%20the%20world%E2%80%99s%20largest%20institutional%20investors.%20White%20has%20been%20an%20investment%20journalist%20for%20more%20than%2020%20years%20and%20has%20edited%20industry%20journals%20including%20Investment%20%26%20Technology%2C%20Investor%20Weekly%20and%20MasterFunds%20Quarterly.%20She%20was%20previously%20editorial%20director%20of%20InvestorInfo%20and%20has%20worked%20as%20a%20freelance%20journalist%20for%20the%20Australian%20Financial%20Review%2C%20CFO%2C%20Asset%20and%20Asia%20Asset%20Management.%20She%20has%20a%20Bachelor%20of%20Economics%20from%20Sydney%20University%20and%20a%20Master%20of%20Arts%20in%20Journalism%20from%20the%20University%20of%20Technology%2C%20Sydney.%20She%20was%20previously%20a%20columnist%20for%20the%20Canadian%20publication%2C%20Corporate%20Knights%2C%20which%20is%20distributed%20by%20the%20Globe%20and%20Mail%20and%20The%20Washington%20Post.%20White%20is%20currently%20a%20fellow%20in%20the%20Finance%20Leaders%20Fellowship%20at%20the%20Aspen%20Institute.%20The%20two-year%20program%20consists%20of%2022%20fellows%20and%20seeks%20to%20develop%20the%20next%20generation%20of%20responsible%2C%20community-spirited%20leaders%20in%20the%20global%20finance%20industry.%22%2C%22image%22%3A%2233531%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Famanda-white-101a7515%2F%3ForiginalSubdomain%3Dau%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]
It is increasingly obvious that it is not feasible to be an investor without thinking hard about issues of sustainability. It is impossible to map the expected future path of the world without considering the SDGs.
The biggest change in perspective required is the evolution from risk/return to risk/return/impact. We believe it is very practical and achievable for institutional investors to consider all three dimensions. There is no need to sacrifice return in order to meet impact targets.
Investors should build a diversified portfolio of sustainable assets, scalable to your whole portfolio. Assets should be chosen that further your goals.
The sustainability investment data ecosystem is growing rapidly. What we are doing today may be ten times better in a few years.
Net zero by 2050 could be a secondary goal to the SDGs, or it could be your only goal. You can then buy assets to build a portfolio to meet that goal.
‘In our minds a lot of investors are overly skewed to equities. In our view this is a huge mistake. It leaves you very naked if something unexpected happens.’
ESG factors are critical to generating alpha simply because ESG factors are critical to the world’s present and future.
We believe it is our duty as investors to raise awareness of where we can find investible opportunities aligned to specific SDGs and where we cannot. This will help maximise opportunities and help address gaps.
One of the most important, upcoming challenges at CalSTRS is how the fund should evaluate Chinese investments from a human capital and environmental standpoint, says Chris Ailman, chief investment officer at the giant pension fund.
This episode explores the key pillars of a sustainable recovery including the three important long term trends that need to be addressed climate change, loss of biodiversity and inequality.
It explores the key role for the finance industry which includes building new models that are not only about maximising monetary profits but also transition theory, and the value of ecological and social capital.
Nigel Topping who was appointed by the UK Government as the High Level Climate Action Champion for United Nations climate talks, COP26 joins Fiona Reynolds, chief executive of the PRI, in conversation with Amanda White, editor of Top1000funds.com This episode focuses on climate change and how, amongst and despite, the short-term focus of this COVID-19 crisis, we can mobilise government, business and investors into action around this important issue of climate change.
COVID-19 has revealed some fundamental design flaws in our global economy, including the relentless pursuit of economic growth - not only at the expense of the environment but also at the expense of people. The investment industry has a role to play in fixing these design flaws. A systems framework for investing could be the answer.
For the economic recovery from the COVID-19 crisis to be durable and resilient, a return to ‘business as usual’ and environmentally destructive investment patterns and activities must be avoided. To avoid this, economic recovery packages should be designed to “build back better”.
As we move from the rescue to the recovery phase of the COVID-19 response, policy-makers have an opportunity to invest in productive assets for the long-term.
Investors in Canada and Australia have joined the Dutch funds, APG and PGGM, in making their intention of an AI-driven SDG investment platform a reality - the Sustainable Development Investments Asset Owner Platform.
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