GLG Asks Mercer To Study Green Trends In Mainstream Investing

Aug 14 2009 | 12:09pm ET

Is GLG Partners going green?

The London-based hedge fund giant has hired consulting firm Mercer to see how climate changes and other environmental concerns are changing mainstream investing. The study will focus on public equity products in the institutional marketplace, especially in Western Europe and North America.

“We believe that environmental liabilities are already changing the economics of some industries and will affect most industries’ returns over the next 10 years,” GLG founder Pierre Lagrange said. “Our view, which is supported by the McKinsey/Vattenfall report and work of the Carbon Mitigation Initiative at Princeton University, is that many of the necessary improvements can be realized with existing commercially available technologies, which raises the important question of how best to focus beyond the early VC, clean tech and other typical ‘SRI’ investments, to integrate environmental factors into profitable mainstream investing.”

GLG said Mercer’s report will be made available in the fall.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note