Henderson, Hazel Cut Back On Socially Responsible Investing

Dec 20 2011 | 1:43pm ET

Clean-energy and other socially-responsible investing teams are getting the axe all over the world—and hedge funds are no exception.

Henderson Global Investors is the latest to announce that it would cut its SRI team. The firm will continue to run its SRI funds, but it "does not believe that a separate team is necessary to screen potential investments and manage these funds."

Hazel Capital has gone one further, closing its clean energy hedge fund, the Financial Times reports.

Clean energy stocks are down 35% this year, and carbon markets are trading at their lowest level ever.

The clean and green cutbacks have also hit teams at JPMorgan Chase, UBS Securities and Unicredit.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of