Friday, 22 August 2014
Last updated 45 min 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
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