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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of