Sunday, 29 March 2015
Last updated 1 day ago
Sep 5 2012 | 9:21am ET
Hedge fund managers employing socially responsible investment screens could win allocations from religious and other institutions, says investment consultant Cambridge Associates.
"Investors with SRI guidelines need not necessarily compromise access to institutional quality fund managers and the attractive risk and return characteristics they bring to portfolios," said Jessica Matthews, associate director of mission-related investing at Cambridge Associates, in a statement.
"For years, a number of our clients have been applying SRI principles in their traditional stock and bond investments by screening out certain securities. However, alternative assets like hedge funds have thus far been the hold-outs, and therefore compliance with SRI policies has often resulted in excluding hedge fund investments altogether, or required an uneasy compromise by excluding hedge funds from SRI scrutiny."
Cambridge encourages managers to create a separate share class within their existing funds that excludes securities that don’t meet SRI guidelines—even providing a list of restricted securities managers can use to audit their funds and ensure a screened class makes sense.
Cambridge Associates' mission-related investing group was formed in 2008 to help the firm's clients participate in the rapidly emerging arena of mission-related and socially-responsible investing.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…