Hedge Funds

ESG and Sustainability

The rise of ESG factors in investment decision making will have a dramatic impact on returns and opportunities in the 21st century. A recent survey by LGT Capital Partners and Mercer showed that 57% of respondents believe that incorporating ESG standards into investment decisions will raise returns. Just 9% argued they reduce returns on investment.

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Alternative Investments/ESG: U.K.-Based Vitality Launches EnVIRO Range Of ESG Funds

June 14, 2021

Vitality, the U.K.-based health and life insurance and investment business that sells its products through financial advisers and brokers, announced a new range of funds called EnVIRO. EnVIRO is a set of five index-tracking funds spanning different asset classes but with a focus on ESG.

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More Stories on ESG and Sustainability

Digital Assets: Tesla To Accept Bitcoin If Crypto Miners Use ~50% Clean Energy (Musk); Bitcoin Jumps

June 14, 2021

At 7:30 PM ET on Sunday, June 13, bitcoin had rallied nearly 9% to $38,911 after Elon Musk tweeted that Tesla (NASDAQ: TSLA) would commence accepting bitcoin for its cars when there was evidence of the use of clean energy in crypto mining.

Venture Capital: UAL Floats United Airlines Ventures For Innovation In Travel And Sustainability

June 11, 2021

United Airlines (NASDAQ: UAL) announced its new corporate venture fund, United Airlines Ventures, on Thursday. The fund’s brief is to invest in emerging companies that could reinvent travel and aviation while engaging with startups that advance sustainability. These innovative companies and their technologies would help UAL meet its goal of net-zero emissions by 2050 – without relying on traditional carbon offsets.

Alternative Investments/ESG: A New ETF From iClima For Exposure To Distributed Renewable Generation

June 10, 2021

iClima Earth, a fintech with a mission to decarbonize the planet, will launch an ETF, the world’s first, focusing on companies promoting the decentralisation of energy generation. The term refers to industries that enable the creation and management of clean energy close to the point of use, for example at home.

Venture Capital: Swedish “Green” Battery Maker Northvolt Raises $2.75B

June 10, 2021

Northvolt AB, the Swedish battery developer and manufacturer said Wednesday that it closed a $ 2.75 billion private placement co-led by new investors AP funds 1-4, via the co-owned company, 4 to 1 Investments, and OMERS, one of Canada’s largest defined benefit pension plans, alongside existing investors Goldman Sachs Asset Management and Volkswagen Group (ETR: VOW3). Northvolt will use the funds to expand its battery capacity and boost its R&D efforts.

Alternative Investments/ESG: New SPDR ETFs For Dividends As Well As ESG

June 9, 2021

Three new ETFs from State Street Global Advisors offer investors exposure to equities with high dividend yields from across global, US and eurozone as well as a good ESG profile.
The SPDR S&P Global Dividend Aristocrats ESG UCITS ETF (GEDV), SPDR S&P US Dividend Aristocrats ESG UCITS ETF (UEDV) and SPDR S&P Euro Dividend Aristocrats ESG UCITS ETF (ZPD9) have listed on the Deutsche Boerse and Euronext Amsterdam on 8 June.

Liquid Alternatives/ESG: JP Morgan Launches ESG Liquid Alt Fund In Thailand

June 7, 2021

JP Morgan Asset Management (JPNAM) and Thailand’s Kasikorn Asset Management have jointly created a sustainable liquid alternative fund called K-SUSTAIN-UI. To be distributed by Kasikorn Private Banking, the new product will invest in the JP Morgan Multi-Manager Sustainable Long/Short Fund. It gives investors a liquid alternative product with an ESG focus.

Alternative Investments/ESG: Horizons ETFs Launches Global Green Bond ETF

June 3, 2021

Horizons ETF Management launched the Horizons S&P Green Bond Index ETF. It is Canada’s first ETF focused exclusively on providing exposure to a portfolio of global green bonds. Green bonds are instruments used to raise capital for environmental projects.

Venture Capital: New VC Funds – FM Capital ($150M); Darryl Finkton Jr ($200M); Base10 Partners ($250M)

May 28, 2021

FM Capital raised a new $150 million fund focusing on the automotive and transportation sectors. Darry Finkton Jr. closed on a $200 million fund that will back founders from disadvantaged and under-represented backgrounds. Base10 Partners will route half profits from late-stage investing of a $250 million fund to create student scholarships and support university endowments at historically Black colleges and universities (HBCUs).

Venture Capital: Black Founders Focused Collab Capital Raises $50M

May 27, 2021

Justin Dawkins, Jewel Burks Solomon, and Barry Givens founded Collab Capital in 2018 to solve the problem of capital access for Black entrepreneurs. Collab began raising its first fund in 2019 and after 18 months, the firm announced Wednesday that it had closed its Collab Capital Fund I with $50 million in the bag to invest in Black-founded startups.

Alternative Investments/ESG: Putnam Launches New Active ETFs Based On Its Leading Equity Strategies

May 26, 2021

Putnam Investments has leveraged four of its leading equity strategies to launch its first ETF products. The actively managed ETFs are Putnam Sustainable Leaders ETF (PLDR), Putnam Sustainable Future ETF (PFUT), Putnam Focused Large-Cap Growth ETF (PGRO), and Putnam Focused Large-Cap Value ETF (PVAL). They all trade on the NYSE effective today.

Alternative Investments/ESG: Vanguard Launches ESG Corporate Bonds ETF

May 25, 2021

Vanguard’s Fixed Income Group, which manages more than $1.7 trillion in assets under management (AUM) across the globe, now has an ESG corporate bond ETF under its wings. The Vanguard ESG Global Corporate Bond UCITS ETF (V3GD) is launched on the London Stock Exchange and Deutsche Boerse with an ongoing charges figure (OCF) of 0.15%.

Alternative Investments/ESG: The Solar Energy UCITS ETF Focuses On The Global Solar Industry

May 21, 2021

The Solar Energy UCITS ETF (LON: TANN) will be launched on the HANetf platform and list on the LSE in June. Solar is now the cheapest source of energy in many large economies and is, therefore, the fastest-growing source of new energy capacity. Investments in capacity could aggregate $4.2 trillion by 2050. This ETF will provide “pure-play” exposure to this huge opportunity.

Venture Capital: Back Market, Which Refurbishes Devices, Nabs $335M

May 19, 2021

Back Market, a French startup that exhorts customers to “Screw New,” sells used but fully functional consumer electronic devices on its platform. Buyers get lower prices and help save the environment from electronic waste. The startup raised $335 million in a Series D round that valued it at $3.2 billion.

Alternative Investments/ESG: An ETF That Aligns With LGBTQ Diversity And Inclusion, Along With ESG

May 19, 2021

Loyalty Preference Index, Inc., a wholly-owned subsidiary of LGBTQ Loyalty Holdings, Inc., announced Tuesday the launch of the LGBTQ + ESG100 ETF (NASDAQ: LGBT). The ETF provides investors with exposure to equity securities of companies that have demonstrated a commitment to LGBTQ diversity and inclusion, along with ESG compliance, as part of their corporate social responsibility fundamental mandate.

Alternative Investments/ESG: New ETF From Credit Suisse For ESG Exposure To German Stocks

May 18, 2021

Credit Suisse Asset Management has launched the which tracks the DAX 50 ESG Index. The ETF offers exposure to the 50 largest German equities that are high on ESG performance. Trading on the Deutsche Boerse and SIX Swiss Exchange, the new ETF charges a total expense ratio of 0.12%.

Venture Capital: Amazon And Fidelity Among Investors Backing BETA’s Electric Vertical Aircraft With $368M

May 18, 2021

BETA Technologies, which has secured multiple partnerships and order commitments for its EVAs, announced today its close of a Series A round of $368 million led by Fidelity. Amazon’s Climate Pledge Fund also participated, as did other new and existing investors. The round valued BETA at $1.4 billion, classifying it in the rarefied class of “unicorn” startups that boast of a valuation of $1 billion or more. Our brother

Alternative Investments/ESG: Wealthsimple Launches An ETF For Shariah-Compliant Stocks

May 17, 2021

The first ETF from Wealthsimple has launched on the Neo Exchange, Canada. The Wealthsimple Shariah World Equity Index ETF (NEO: WSHR) commenced trading on the exchange on May 12, 2021. The ETF provides investors exposure to a diversified index of Shariah-compliant stocks. Shariah-compliant funds are a type of socially responsible investment which conforms to the requirements of Shariah law and the principles of the Islamic religion.

Alternative Investments/ESG: Raisin’s ETF Configurator Allows Investors ‘Do-It-Yourself’ ESG

May 14, 2021

The pan-European savings marketplace Raisin launched its Raisin Invest ETF platform in Germany in 2018. Raisin Invest has since become one of the market’s biggest robo advisers and now boasts of AUM of €950 million. On Wednesday, Raisin announced the launch of a new hybrid-robo “ETF Configurator” for Raisin Invest, and simultaneously, a new ESG pre-set portfolio within the Configurator that offers more than 30 sustainable equity and bond ETFs to choose from.

Venture Capital: Making VC More Inclusive – Google To Invest $40M In Black-Led Startups

May 14, 2021

Jeremiah Gordon is General Counsel at CapitalG, Alphabet’s (NASDAQ: GOOGL) independent growth fund which has $3 billion under management. He also leads an Alphabet-wide team focused on investing in Black-led VC funds, startups, and organizations supporting Black entrepreneurs. In a blog published Thursday, Gordon revealed that Google will invest an additional $40 million in Black-led startups and investment firms by the end of the year.

Digital Assets: Musk To Bitcoin – It’s Not Me, It’s You

May 13, 2021

Elon Musk has suddenly got religion on bitcoin. He announced in a tweet on Wednesday that Tesla (NASDAQ: TSLA) will no longer sell its cars for bitcoin due to the leading cryptocurrency’s carbon footprint and consequently adverse effect on the environment.

Alternative Investments/Digital: Ninepoint’s Bitcoin ETF To Offset Carbon Footprint Of Bitcoin Holdings

May 12, 2021

Bitcoin has been getting a lot of flak recently for the impact that its mining has on the environment. As verification computations get more complex, bitcoin mining rigs consume more and more energy for generating mining rewards. This process becomes a vicious circle when bitcoin prices are on a rally because it becomes more profitable to mine and sell the cryptocurrency. ETFs and other funds holding bitcoin are becoming increasingly concerned about the carbon footprint inherent in their holdings.

Artificial Intelligence: AI Can Cut Buildings’ Energy Consumption By 20-25%

May 7, 2021

Heating, ventilation, and air conditioning (HVAC) systems account for 45% of all energy consumed in commercial buildings. Tragically, as much as 30% of this is usually wasted. BrainBox AI, which is based in Montreal, Canada, uses artificial intelligence to learn a building’s energy “equations” and then to control them for maximizing energy savings without compromising on residents’ comfort.

Alternative Investments/ESG: In A World First, Evolve Offers Investments In Major Indices Sans Carbon Footprints

May 3, 2021

Evolve Funds Group has filed the final prospectus for its launch of the world’s first ETFs that bring carbon neutrality to traditional indices. The Evolve CleanBeta series of ETFs will flag off with the Evolve S&P/TSX 60 CleanBeta Fund (SIXT) and the Evolve S&P 500 CleanBeta Fund (FIVE).

Alternative Investments/AI: A New ‘Fund Of Thematic Funds’ From LGIM

April 30, 2021

The Legal & General Global Thematic Fund, a new launch from Legal & General Investment Management (LGIM), addresses UK investors and their demand for access to multiple themes. The innovation-focused fund is a bouquet of eight themes in the areas of technology, energy and resources, and changing demographics.