Saturday, 28 May 2016
Last updated 1 day ago
Sep 11 2013 | 10:21am ET
Mariner Investment Group is adding environmental considerations to its investment process, becoming one of the first hedge funds to sign on to the United Nations-backed principles for responsible investment.
New York-based Mariner has subscribed to MSCI's ESG Portfolio Analytics and will incorporate the environmental, social and governance research, ratings and screening tools into its decision-making.
"Our investors are increasingly taking into consideration the environmental, social and governance implications of their investments in portfolio allocation," Bracebridge Young, CEO of the $10 billion firm, said. "While we're still in the early days, we believe that adhering to these principles and incorporating them into our investment decision-making processes will enable us to achieve better risk-adjusted returns for our clients over the longer-term."
"The hedge fund community is a relatively new entrant to the space," MSCI senior sales associate Sarah Greenberg told The Wall Street Journal. "I probably could count the number of hedge funds on one hand three or four years ago."