Browsing: SRI and Clean Energy

SRI and Clean Energy

Performance of SRIs: Funds and Indexes

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

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, Other Topics in A.I., Socially responsible investing, SRI and Clean Energy

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


Eurekahedge Reports: Total Industry Assets Stand at $2.33 Trillion

Aug 29th, 2017 | Filed under: Industry Size & Managers, Newly Added, Other Topics in A.I., SRI and Clean Energy, Structure of the Hedge Funds Industry, The A.I. Industry

Eurekahedge’s August report says that the Eurekahedge Hedge Fund Index grew by 0.88% in July 2017, while the underlying markets represented by the MSCI World Index grew by 1.64%. For June, overall, managers reported performance based losses of $8.4 billion, so that the industry growth was due entirely to netRead More


An Alternative Approach to Responsible Investing

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

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: Liquid Alternative Investiments, Liquid Alts, Newly Added, Other Topics in A.I., Smart Beta, SRI and Clean Energy

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: Alternative energy, Climate change, Newly Added, Other Topics in A.I., Social investing, SRI and Clean Energy

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


Making a Case: Divestiture is the Wrong Tool Re Climate Risk

May 17th, 2017 | Filed under: Newly Added, Other Topics in A.I., SRI and Clean Energy

Sarah Bernstein, of the Pension Consulting Alliance, has prepared a discussion paper for the benefit of the Vermont Pension Investment Committee, on climate risk divestment.  Specifically, Bernstein wrote in reply to a request from the VPIC to examine three divestment tracks of common intent but differing levels of generality:  thermalRead More


Real Assets and Environmental/Social Impacts

May 11th, 2017 | Filed under: Alternative energy, Natural Resources and Land, Newly Added, Other Topics in A.I., Real Assets, SRI and Clean Energy

It’s an old debate: does socially responsible investing under its variations (including “impact investing”) come at a cost in terms of risk-adjusted performance? Or does it actually add a dividend, so that one does well by doing good? Or are impact and non-impact investing in otherwise comparable assets on aRead More


ESG Concerns Have Multi-Factored Impact on Performance

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

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, Other Topics in A.I., Socially responsible investing, SRI and Clean Energy

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: Allocating to A.I., Industry Size & Managers, Other Topics in A.I., SRI and Clean Energy

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


Investing in Renewable Energy’s Infrastructure

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

As AllAboutAlpha’s readers likely know, in December 2015, in Paris, representatives of 195 countries adopted a framework for the mitigation of the effects of the emissions of greenhouse gases. The framework (known simply as the Paris Agreement) aims to confine the increase in global average temperature to just 2? CRead More


Notes on Impact Investing in Europe

Feb 28th, 2017 | Filed under: Newly Added, Other Topics in A.I., Social investing, Socially responsible investing, SRI and Clean Energy

The Science Communication Unit (SCU) of the University of the West of England has produced what it calls a “future brief,” a discussion of environmental impact investing focused especially on the European context. The term “impact investing” itself is only about a decade old. The idea, under various guises, isRead More


A Vision of 2020 and 6 Imperatives

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

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


For The Netherlands: Sustainable Development Proposal

Dec 18th, 2016 | Filed under: Emerging Alternative Investments, Microfinance, Newly Added, Other Topics in A.I., SRI and Clean Energy

Eighteen major financial institutions, including ABN AMRO and ING Groenbank, have signed onto an ambitious program for sustainable development goals’ investment (SDGI). The institutions involved proclaim that they believe it is in their best interest, “as well as that of our clients and investees, to consider the largest societal challengesRead More


Shedding Light on the ESG/SRI Scene      

Dec 6th, 2016 | Filed under: Climate change, Newly Added, Other Topics in A.I., SRI and Clean Energy

The US SIF Foundation has published its latest Trends Report on sustainable, responsible, and impact investing. On the one hand, this is a statistical snapshot of US-domiciled assets in the ESG/SRI field at years’ end 2015. On the other hand, it offers fascinating historical material making it clear how weRead More


Impact Investing: The Impacts, Measurement and Profit

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

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


Taking the Alcohol Out of the Wine:  A Decarbonized Index

Jul 19th, 2016 | Filed under: Climate change, Newly Added, Other Topics in A.I., Socially responsible investing, SRI and Clean Energy

A recent publication in the Financial Analysts Journal presents a model by virtue of which long-term passive investors may hedge the risks associated with climate change and/or with climate change related public policies. One incidental feature of the article is the sense it provides of the difference between carbon-free indexesRead More


ESG Issues: The Material and the Immaterial

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

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: Allocating to A.I., ETFs, Industry Size & Managers, Newly Added, Other Topics in A.I., Socially responsible investing, SRI and Clean Energy, The A.I. Industry

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


More about Arch Coal and the Dusty Trail Ahead

Jan 24th, 2016 | Filed under: Commodities, Commodities, Commodities: Examples, Energy, Investing in Commodities, Newly Added, Other Topics in A.I., Socially responsible investing, SRI and Clean Energy

I wrote here last week about the demise of Arch Coal.  I was reminded of the incompleteness of my treatment there by the commenters on that piece, and I’ve been reminded again by subsequent developments. More then: in December 2013 Arch made a tender offer for its $600 million ofRead More


Arch Coal: Another One Bites the Coal Dust.

Jan 13th, 2016 | Filed under: Alternative energy, Commodities, Commodities, Commodities: Examples, Energy, Investing in Commodities, Newly Added, Other Topics in A.I., SRI and Clean Energy

Arch Coal, one of the biggest coal companies in The United States, entered Chapter 11 Monday morning, Jan 11. A prominent law firm, Davis Polk & Wardwell, will be taking it through the process, as will financial advisor PJT Partners. Arch (NYSE:ACI) hit its recent high stock price on AugustRead More


India: The Way Up and the Way Down Are Not the Same

Nov 26th, 2015 | Filed under: Finance & Economics, Financial Economics Theory, Newly Added, Other Topics in A.I., Risk Management & Operations, Risk Management Strategies & Processes, SRI and Clean Energy, The Global Economy & Currencies

Faille doesn't mean to argue theology, but he has to observe that a Shariah-based understanding of what constitutes “ethical investing” entails a lot of premises, and if those premises are to be inserted into reasoning about financial economics, they have to bear up to empirical, secular scrutiny. Read More


The ‘Sin Stock’ Premium: A Neat Illusion Dismantled

Nov 3rd, 2015 | Filed under: Socially responsible investing, SRI and Clean Energy

The theory behind talk of a 'sin stock' premium is straightforward. It isn't at all clear, though, that facts match the theory. Adamsson and Hoepner think not.Read More


The Canary in the Coal Stocks and Fossil Fuel Divestment: the Portfolio You Save May Be Your Own

Sep 14th, 2015 | Filed under: Climate change, Commodities, Energy

A Wall Street analyst recommends bottom fishing in fossil fuel stocks and does an excellent job in analyzing all the market forces EXCEPT the primary one, rapidly increasing climate change. If he is typical of Wall Street expert analysis on fossil fuel stocks, be afraid. Be very afraid. Read More


When Underfunded Pension Funds Take Up Social Responsibility Investing

Aug 24th, 2015 | Filed under: Institutional Investing, Legislation/Court rulings, Socially responsible investing

In November 2014, Scott Stringer, New York City's Comptroller, launched a campaign he called the Boardroom Accountability Project. Bernard Sharfman makes a case that this BAP is a good example of much that is wrong with institutional/activist investing today. Read More


Climate Finance: A Priority for the MDBs

Jul 15th, 2015 | Filed under: Climate change, Social investing, Socially responsible investing, Technology

A new report from the World Bank says that six multilateral development banks delivered more than $28 billion in financing in 2014 that "address climate change" in one of two ways, mitigation or adaptation. Read More


The Old Puzzle of SRI: India and France

Jul 12th, 2015 | Filed under: Alpha Seekers, Alpha Strategies, Social investing, Socially responsible investing

The conclusion of two Indian scholars in a new study supports the view that socially responsible investing is good for investors in India. But Faille worries that the battle-of-the-studies has thus far been indecisive, and that aerodynamics suggests this insect shouldn't be able to fly. Read More


Malaysia and the Sukuk World

May 4th, 2015 | Filed under: Emerging markets, Socially responsible investing

Moody’s Investor Services has assigned a provisional A3 rating to a $750 million multi-currency sukuk issuance program established by Telekom Malaysia Berhad. Meanwhile, also in Malaysia....Read More


The Fossil Fuel Divestment Debate for Fiduciaries: It’s the Portfolio….

Mar 25th, 2015 | Filed under: Alpha Strategies, Alternative energy

The typical investment manager is more likely to understand the divestment argument if he is shown that the dynamic effects of climate change on his fossil fuel portfolio holdings will be like a knife to the brain of one of TV's Walking Dead zombies, portfolio splatter included. Read More


Biggest Casualty of Crude Oil Price Collapse?

Jan 12th, 2015 | Filed under: Alternative energy

Traditional energy and alternative energy clash as crude prices fall.Read More


Longevity Risk: Wary of Your 2015, and of Somebody Else’s Life Span?

Dec 21st, 2014 | Filed under: Institutional Investing, Liability Driven Investing, Risk management, Socially responsible investing

The new survey from Natixis tells us that a lot of asset-managing institutions think their industry as a whole has been quite slow about moving in the direction of liability-driven investment strategies. Also, more than half believe traditional assets are too correlated to provide them with the diversification they need. Read More


The Building of an Infrastructure for Renewables: A Report

Nov 5th, 2014 | Filed under: Alternative energy, Commodities, Infrastructure, Private Equity, Socially responsible investing

In 2012, [as the crude oil price was settling in to $110 and low vol,] the renewables’ infrastructure space for private funds reached an aggregate estimated deal value of $132 billion. In 2013, that fell to $95 billion. It now seems unlikely that 2014 will match last year. Read More


Microfinance and Its Critics: An Update

Oct 27th, 2014 | Filed under: Alpha Hunters, Microfinance, Socially responsible investing

The convergence of a central banker and micro financiers at a recent ceremony in Port Moresby, Papua New Guinea inspires a look at where the MFI industry stands, and where it is headed. Read More


Old-Line Oil and Coal are Techno and Exciting These Days

Oct 1st, 2014 | Filed under: Alternative energy, Energy, Venture capital

Revolution is underway in the energy world. For investors, one of the most unexpected facts about this revolution is that it permeates precisely those portions of the energy sector long thought sleepy and conventional: the fossil fuels. Read More


Betting on Vice Doesn’t Really Pan Out

Sep 9th, 2014 | Filed under: Alpha Strategies, Behavioral finance, CAPM / Alpha Theory, Social investing

Christopher Faille, inspired by Greg Richey, of California State University, San Bernardino, has a few words about socially irresponsible investing, that is, the creation of a portfolio built around destructive human vices. Read More


IEA Says Investment In Clean Energy Will Keep Growing, Slowly

Sep 2nd, 2014 | Filed under: Alpha Hunters, Alpha Strategies, Alternative energy

Guest columnist Andy Tully looks at the future of renewable energy investment and finds a future so bright, you might need to wear shades.Read More


Windfall: a Book on the Rise of the Climate Investor Class

Aug 6th, 2014 | Filed under: Alpha Strategies, Climate change, Energy, Social investing

Guest columnist Doug Friedenberg reviews "Windfall," and looks at the potential for investing in a changing climate.Read More


One Ordinary Week in the Life of Climate Change

Jun 6th, 2014 | Filed under: Social investing

(March 24 update) We present here recent anecdotals on the subject of climate change.  It’s a topic that affects many industries: insurance, real estate, energy (renewable and non-), food, water, national defense, to name a few.   Investment opportunities arise when there is a divergence of opinion, as is uniquely theRead More


Climate Change: the Science that Dare Not Speak Its Name

Jul 31st, 2013 | Filed under: Alternative energy

Guest columnist Doug Friedenberg looks at climate change's investment potential.Read More


Japan’s Largest Banks Invest in the Solar Industry, Expecting a Huge Boom in 2013

Feb 12th, 2013 | Filed under: Alternative energy, Institutional Investing

Charles Kennedy of Oilprice.com looks at how Japanese banks are investing in solar energy.Read More


Alpha Hunters: Investing in Urban Communities

Jun 18th, 2012 | Filed under: Real Estate, Socially responsible investing

K. Robert "Bobby" Turner has overseen more than $12 billion of investment into urban communities (with partners including Magic Johnson and Andre Agassi), find out why..Read More


The Obvious Place to Look for Stable, Consistent Returns: African Trade Finance

May 14th, 2012 | Filed under: Socially responsible investing

Is Alpha Abundant Only in the Places Few Investors Want to Look?


A Life-changing £600 Million

Apr 30th, 2012 | Filed under: Socially responsible investing

"Over the next decade, impact investment will constitute an investment opportunity of between US$400 billion and US$1 trillion, generating profits of between US$183 billion and US$667 billion..."Read More


Pension Funds and Blair’s PFI Legacy

Mar 21st, 2012 | Filed under: Infrastructure, Institutional Investing, Social investing

Britain’s Private Finance Initiative has continued through the administrations since Blair’s, and indeed has inspired emulation across the Channel. At the same time, it has stirred up a good deal of criticism, and in November 2011 the Chancellor of the Exchequer announced a plan to reform the PFI. One of the reform proposals is to seek broader participation by pension funds, or in pale bureaucratic jargon, “access a wider range of financing sources.”Read More