Browsing: ESG

Posts Tagged ‘ ESG ’

A Move from Otherness to Better Global Governance 

Dec 10th, 2018 | Filed under: Newly Added, What about beta?, The Global Economy & Currencies, Economics, Macroeconomics

By Bill Kelly, CEO, CAIA Association The resolution season will soon be upon us. Many will aspire to eat less, exercise more, be better partners or parents, or maybe even sit for the March 2019 CAIA Exam. Resolve doesn’t always make it across the finish line though, even with the very best ofRead More


10 Climate Change Actions for Pension Fund Managers

Oct 28th, 2018 | Filed under: Newly Added, Consultants, Social investing, The A.I. Industry, Institutional Investing, Socially responsible investing, Climate change, Institutional Asset Management, SRI and Clean Energy, Other Topics in A.I.

The International Centre for Pension Management (ICPM) has put out a paper on climate change and on the difference it makes for investments. The issue of climate change has, in recent years, gone from “being considered a niche issue to one of potentially major financial consequences for all investors,” oneRead More


The View from Amundi: Absolute Return and Factor Models

Jun 10th, 2018 | Filed under: Newly Added, CAPM / Alpha Theory, Finance & Economics

On May 30, CAIA France sponsored a panel discussion on absolute return strategies, held at the headquarters of Amundi Asset Management, on the Boulevard Pasteur in Paris. Frederic Hoogveld, the head of investment specialists, index and smart beta for Amundi, spoke that evening on dynamic factor allocation. As a review:Read More


Whence Corporate Social Responsibility?

Mar 4th, 2018 | Filed under: Newly Added, Due Diligence Process, Socially responsible investing, SRI and Clean Energy, Risk Management & Operations, Other Topics in A.I.

A new scholarly paper, forthcoming in the Journal of Financial Economics, delves into the question whether institutional investors are the driving force behind corporate social economy. I.J. Alexander Dyck and three other scholars looked specifically at the environmental and social performance of firms across 41 countries. They found that ownershipRead More


Institutional Investors Wary of Passivity

Mar 1st, 2018 | Filed under: Newly Added, Alpha & Beta, Institutional Asset Management, SRI and Clean Energy, Allocating to A.I., Other Topics in A.I.

Natixis’ Center for Investor Insight surveyed 500 institutional investors in the fall of 2017 about long-term objectives, short-term opportunities, and the concomitant pressures. In a new paper, Natixis discusses the Center’s take-a-ways from this survey Geopolitical events are the most worrisome prospect on the minds of the decision makers atRead More


Ceres Report Evaluates Value of Early-Stage Clean Energy

Feb 4th, 2018 | Filed under: Newly Added, Private Equity, Venture capital, Socially responsible investing, Emerging Alternative Investments, Alternative energy, Other Issues in Private Investments, Commodities: Examples, Energy, Private Investments, SRI and Clean Energy, Other Topics in A.I.

A recent publication from Ceres, a nonprofit organization devoted to promoting sustainability as a goal in both investing and corporate governance, looks at the value that early-stage clean energy products offer venture capitalists. The publication is the work of a team of five “lead authors and key contributors,” including threeRead More


Searching for the Right Infrastructure Manager: 3 Case Studies

Jan 14th, 2018 | Filed under: Newly Added, Infrastructure, Institutional Investing, Operationally Intensive Real Assets, Institutional Asset Management, Real Assets, Allocating to A.I.

A new paper from bfinance (an independent financial services consultancy headquartered in London) discusses the “dramatically different era” into which infrastructure investing has entered over the last two years. The paper, “DNA of a Manager Search: Infrastructure,” looks at three recent unlisted infrastructure searches, in order to glean some insightRead More


Principles, ESG, and Credit Risk

Jan 11th, 2018 | Filed under: Newly Added, Socially responsible investing, Other Issues in Private Investments, SRI and Clean Energy, Other Topics in A.I.

The UN Principles for Responsible Investment (PRI), an initiative working to put into practice six principles on the environmental, social, and governance (ESG) aspects of investment decisions, in partnership with the UNEP Finance Initiative and the UN Global Compact, has issued a paper on the credit ratings agencies and theirRead More


The Performance of Impact Investments

Dec 26th, 2017 | Filed under: Newly Added, Social investing, Socially responsible investing, Other Topics in A.I.

The Global Impact Investing Network has offered its own take on a much discussed question: do “impact investing” and its variants under various names – sustainable investing, socially conscious investing, ESG investing, etc. – work? And, if so, how well? It looks at this question in a very granular way,Read More


Performance of SRIs: Funds and Indexes

Oct 5th, 2017 | Filed under: Newly Added, Socially responsible investing, Alternative energy, SRI and Clean Energy, Other Topics in A.I.

A new paper by Giuseppe Risalvato, a Ph.D. candidate at Università Carlo Cattaneo, Italy, contends that there is no “ethical sacrifice” in investing. That is, there is no discount that investors who want to be socially responsible will have to pay for that choice. Risalvato makes two chief theoretical argumentsRead More


A Call to Norway to Invest in Renewables

Sep 14th, 2017 | Filed under: Newly Added, Socially responsible investing, SRI and Clean Energy, Other Topics in A.I.

A new paper from the Institute for Energy Economics and Financial Analysis looks at Norway’s pension fund, which is now in the process of increasing its investment in stock from 62.5% of the portfolio to 70%. The total portfolio value is now $7.5 trillion NOK, or about US $976 billion.Read More


An Alternative Approach to Responsible Investing

Jul 31st, 2017 | Filed under: Newly Added, Socially responsible investing, SRI and Clean Energy, Other Topics in A.I.

On May 18, 2017, CAIA’s Boston Chapter held a panel discussion at the InterContinental Boston on “An Alternative Approach to Responsible Investing.” Moderated by Bill Kelly, CEO, CAIA Association, panelists included leading ESG investing experts Tim Brennan, Treasurer & CFO, Unitarian Universalist Association; Jeff Finkelman, CFA, Research Associate, Impact Investments,Read More


What They’re Saying About Smart Beta, Tactics, and Strategy

Jun 13th, 2017 | Filed under: Newly Added, Liquid Alternative Investiments, Liquid Alts, Smart Beta, SRI and Clean Energy, Other Topics in A.I.

For four years now, FTSE Russell has surveyed global institutions, asking about their interest in smart beta indexes and about their allocations to investable products based on same. The 2017 survey results are in. The new survey finds (as did the earlier ones) that risk reduction, return enhancement, and improvedRead More


Institutions that Integrate ESG Considerations: 6 Types

Jun 8th, 2017 | Filed under: Newly Added, Social investing, Alternative energy, Climate change, SRI and Clean Energy, Other Topics in A.I.

A new white paper from the Investor Responsibility Research Center (the IRRC Institute) in conjunction with Sustainalytics looks at the various approaches that investors, institutional investors in particular, might and do take to integrate ESG issues into their portfolio decisions. Specifically, the IRRC and Sustainalytics, two Manhattan-based research groups longRead More


ESG Concerns Have Multi-Factored Impact on Performance

May 2nd, 2017 | Filed under: Newly Added, SRI and Clean Energy, Other Topics in A.I.

The Cornerstone Capital Group, in a new white paper, looks at some of the specific interactions between ESG and investment factors. The paper, by Michael Geraghty, a global equity strategist for Cornerstone,  begins with a review of five of the factors most thoroughly studied in academia: value, the capture ofRead More


Ernst & Young on ESG Reporting

Apr 23rd, 2017 | Filed under: Newly Added, Socially responsible investing, SRI and Clean Energy, Other Topics in A.I.

Are companies leveling with their shareholders and stakeholders in reporting data pertinent to their environmental and social impacts and their governance issues? Whether they are or aren’t levelling: how important is that as part of their relationship with their investors? For Ernst & Young, these questions have become more pressingRead More


A Look at Sustainable Investment around the World

Apr 6th, 2017 | Filed under: Industry Size & Managers, SRI and Clean Energy, Allocating to A.I., Other Topics in A.I.

The Global Sustainable Investment Alliance, a collaboration of green investment-oriented entities, has released its latest Global Sustainable Investment Review, looking at the state of SRI investments. This is the third in a series of reports “presenting results from Europe, the United States, Canada, Asia, Japan, and Australia and New Zealand.”Read More


Survey Respondents: Market Volatility is the Gravest Threat Just Now

Mar 26th, 2017 | Filed under: Newly Added, Alpha & Beta, Institutional Investing, Institutional Asset Management, Allocating to A.I.

Natixis Global Asset Management is out with its annual survey of institutional investors and their views about alternative investors. The survey included institutions around the world and of many distinct classes: corporate and public pension funds, insurance funds, sovereign wealth funds, endowments/foundations, managing amongst them $15.5 trillion. The break-down ofRead More


A Vision of 2020 and 6 Imperatives

Jan 24th, 2017 | Filed under: Newly Added, The A.I. Industry, Industry Size & Managers, SRI and Clean Energy, Other Topics in A.I.

PwC, the global network of business and tax consultancies, has put out a white paper on the near future of the alternative asset management industry, to and through the year 2020. The paper begins with some numbers: by 2020, PwC expects the industry’s assets under management to grow to atRead More


Impact Investing: The Impacts, Measurement and Profit

Oct 30th, 2016 | Filed under: Newly Added, Alpha-centric Companies, Social investing, Socially responsible investing, Other Topics in A.I.

One candidate for the title “next new thing” is “impact investing.” As the term suggests, this refers to investing with an eye to the ways in which the investor’s decisions make an impact upon society beyond his own portfolio. This sounds a lot like socially responsible investing, or like itsRead More


ESG Issues: The Material and the Immaterial

Jul 12th, 2016 | Filed under: Newly Added, Socially responsible investing, Benchmarking & Performance Attribution, Alternative energy, SRI and Clean Energy, Allocating to A.I., Other Topics in A.I.

Activists pressing for corporate change on environmental, social, and governance issues often focus on issues that are, from the point of view of firm valuation, immaterial. Three scholars associated with the Harvard Business School recently quantified the materiality versus immateriality of shareholder proposals on ESG topics and discussed some ofRead More


Investors ‘Misoverestimate’ ETFs and a Push Towards ESG

May 26th, 2016 | Filed under: Newly Added, The A.I. Industry, Industry Size & Managers, Socially responsible investing, ETFs, SRI and Clean Energy, Allocating to A.I., Other Topics in A.I.

In a newly released report, Natixis Global Asset Management speaks to the quite positive views of passive investment vehicles and exchange traded funds that it finds in today’s marketplace.  Their report inspires the neologism “misoverestimate,” as a logical analog of a former U.S. president’s term, “misunder ….” A Natixis surveyRead More