Bloomberg Brief l Sustainable Finance
- This week's Bloomberg Brief highlights how State Street's Fearless Girl statue has faced down Wall Street's bull for a year, and in that time the firm says more than 150 companies without women on their boards have added female directors; China's energy weapon is the color green; and government-invested funds and pensions are leading the push to expand ESG investing, says Chicago Treasurer Kurt Summers.
Webinar: Long Short ESG Strategies for Endowments l Intentional Endowments Network, ICYMI
- In this webinar, participants will explore the idea of incorporating ESG criteria into long-short equity strategies, learn about the process behind incorporating hedge funds into ESG strategies, and hear discussion on implementation, including examples of investment policy statements, asset allocations, risk and return frameworks, and impact and ESG ratings for long short ESG strategies.
ESG Strategy Hits Norway’s Sovereign Wealth Fund l International Adviser
- Norway’s giant sovereign wealth fund has returned 1.6 percentage points less on an annualized basis over the last 12 years because it excluded some stocks on ethical grounds.
ESG, Sustainable and Impact Investing: An Advisor’s Guide l Think Advisor
The assets under management in the SRI categories are exploding. By early 2016, they had climbed to $8.72 trillion in the U.S., equivalent to a 20% share of total assets under professional management, and to $23 trillion globally, according to the latest available macro data. This article lists sources that can provide a good introduction to ESG, sustainable, socially responsible and impact strategies.
Taking the Mystery Out of Impact Investing l Barron's
- One mission of ImpactAssets, a U.S. nonprofit financial services firm, is to make it easier for individuals, families, and the advisors who serve them to get their hands on the information required to understand and evaluate potential impact investments—those that aim to generate social and environmental value as well as a market-based return. Central to this effort is ImpactAssets 50 a free, searchable database of 50 fund managers with at least US $10 million in assets and a three-year track record.
A Passionate Defense of ESG Investing from Connecticut Treasurer l Plan Adviser
- While the investing rules controlling the Connecticut public pension fund are different from those governing corporate retirement plans, the argumentation in this article as to why gun manufacturer divestment may be the right thing to do offers some food for thought for anyone charged with the fiduciary management of retirement plan assets.
Buffett vs. Ivy League Endowments: Who is the Best in Class? l The Washington Post
- This article explores performance results from Berkshire Hathaway and university endowments. Berkshire, the holding company run by Warren Buffett, and American colleges, both are quintessential long-term investors.
Why It’s So Hard to Invest With a Social Conscience l The New York Times
- This article outlines the various options for SRI investing and describes solutions to seven challenges in the field including cost, diversification, and performance.
Why Some Investors Are Refusing to Buy Walmart Stock l Fortune
- Since the school shooting in Parkland, Fla. killed 17 in February, gun retailers including Walmart, Kroger, and Dick’s Sporting Goods have ramped up restrictions on firearm sales. Amid a debate about the weapons regulations, Dick’s ended sales of assault-style weapons, while the country’s largest retailer, Walmart, raised the minimum age of such purchases to 21. Yet, firms like Walmart may still be keeping a growing class of investors at bay with its reputation as the country’s largest gun retailer: funds that choose based on ESG criteria.
In Impact Investing, a Generation Gap Persists l The Wall Street Journal
- This article explores how older managers tend to adhere to strategy that eschews social and governance considerations, but today’s firms are remiss if they don’t factor in values.
More than 150 Companies Have Added Women to Their Previously All-Male Boards: State Street l MarketWatch
- According to State Street Global Advisors, 152 companies that previously had all-male boards have added at least one woman director over the past year, while another 34 have “committed to adding at least one woman to their board in the near term.” The asset-managing giant credited this trend to its own stewardship on gender diversity issues.
Institutional Investors Turn to Alternatives l Super Review
Institutional investors have continued to turn to active management and alternative investments to meet long-term return assumptions and diversify portfolio risks in the face of growing volatility, according to survey findings by Natixis Investment Managers. The survey found that seven in 10 investors found that the addition of alternative was important for diversifying portfolio risk, with another 57% saying that investing in alternatives was necessary to outperform the broader market.