Sunday, 26 October 2014
Last updated 1 day 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.