Friday, 1 August 2014
Last updated 3 hours ago
Dec 20 2011 | 12:43pm 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.