Friday, 30 January 2015
Last updated 2 min ago
Jan 30 2012 | 8:31am ET
Man, the world’s largest hedge fund group, has signed the United Nations-backed Principles for Responsible Investment.
Man says the PRI framework is meant to encourage sustainable investing by incorporating “environmental, social and governance issues into investment decision-making and ownership practices.”
Man becomes one of 988 signatories to the PRI worldwide and one of 126 in the UK.
Said Man CEO Peter Clarke in a statement: “This step is a signal of Man’s continued commitment to responsible investing. As a leading alternative asset manager, we hope that by signing up to the UN PRI we will encourage others in our industry to follow our lead.”
In signing the PRI, the alternative investments giant ($58.4 billion AUM) has promised to:
1. Incorporate ESG issues into its investment analysis and decision-making processes.
2. Be an 'active owner' and incorporate ESG issues into its ownership policies and practices.
3. Seek appropriate disclosure on ESG issues by the entities in which it invests.
4. Promote acceptance and implementation of the principles within the investment
5. Work to enhance its effectiveness in implementing the principles.
6. Report on its activities and progress towards implementing the principles.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…