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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Artificial Intelligence: Nigerian Fintech Startup Infibranches Raises $2M

September 20, 2021

Nigerian startup Infibranches Technologies has received funding of $2 million from All On, an impact investing organization backed by Shell (NYSE: RDS.A). Infibranches will use the funds for customer acquisition, improvement of its product lineup and for introduction of new products and services to address energy distribution issues.

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More Stories on ESG and Sustainability

Alternative Investments/Digital/ESG: Accelerate’s Carbon-Negative Bitcoin ETF

September 20, 2021

Accelerate Financial Technologies’ world-first Carbon Negative Bitcoin ETF (TSE: ABTC), now trading on the TSE, offsets more than 100% (“negative”) of the estimated carbon emissions from associated bitcoin mining and transaction activities.

Artificial Intelligence: AI To Predict Growth Of Harmful Algal Blooms in Oceans

September 17, 2021

Harmful algal blooms (HAB) occur when colonies of algae — simple plants that live in the sea and freshwater — grow out of control and produce toxic or harmful effects on people, fish, shellfish, marine mammals, and birds. Humans are rarely affected, but illnesses triggered by HAB could be fatal. A project in the UK seeks to develop technology to predict the advent of deadly HAB.

Alternative Investments/ESG: The Global X Uranium ETF Powers To A 52-Week High

September 15, 2021

Investors on Reddit’s WallStreetBets forum are said to have a hand in pushing up the ETF. Uranium, the raw material for nuclear power plants, is within the cross-hairs of the famous WallStreetBets forum on Reddit – which incited the meme-stock speculative frenzy in GameStop (NYSE: GME) earlier this year. The Redditors are said to have…

Alternative Investments/AI: WisdomTree To Boost Thematic Lineup With AI ETF

September 14, 2021

WisdomTree has filed to launch the WisdomTree Artificial Intelligence and Innovation Fund as a part of its thematic ETFs offering. The fund will track the performance of the WisdomTree Artificial Intelligence Index.

Artificial Intelligence: Now AI Can Estimate A Company’s Emissions

September 14, 2021

Evaluation of companies’ carbon footprint is essential for countries to be able to meet their 2050 decarbonization targets for 2050 as per the Paris Agreement. For investors, the quantum of greenhouse gases emitted by a company could be an important factor to evaluate its suitability in a portfolio geared towards positive climate actions in the context of ESG. While most companies do not yet formally disclose their emission data, AI can now reasonably estimate this crucial metric.

Venture Capital: Crowberry Capital’s Trio Of Women Leaders Raises $90M Nordic Fund

September 13, 2021

Female-founded, Icelandic venture fund Crowberry Capital announced its raise of a €76 million (US$ 90 million) seed and early-stage fund for investing in startups located in the Nordic region. The fund, Crowberry II, has the distinction of being the largest VC raise ever for Iceland.

Alternative Investments/ESG: VanEck Launches Sustainable Muni ETF

September 13, 2021

VanEck announced September 10 the launch of its VanEck HIP Sustainable Muni ETF (CBOE: SMI). The ETF invests in investment grade municipal debt securities that have been issued to fund operations or projects that support or advance sustainable development, as well as promote positive social and environmental outcomes. Its objective is to generate current income generally exempt from federal income tax.

Alternative Investments/ESG: Janus Henderson Launches Five Sustainable ETFs

September 10, 2021

Janus Henderson Group (NYSE: JHG) announced Thursday its launch of Sustainable ETF Solutions comprising five actively managed sustainable exchange-traded funds (ETFs) targeted at US investors. The ETFs seek to deliver strong, risk-adjusted returns by identifying companies supportive of positive ESG change.

Venture Capital: Bill Gates And Bezos-Backed MIT Startup Edges Closer To Energy’s Holy Grail

September 9, 2021

CFS and MIT’s PSFC announced Wednesday their successful test of a powerful magnet constructed from high temperature superconductors (HTS); the magnet can later be used in a “tokamak,” a fusion machine that could be scientists’ Holy Grail because it produces more energy than it consumes.

Alternative Investments/ESG: Fidelity Launches Sustainable Climate Solutions Fund

September 8, 2021

The Fidelity Funds Sustainable Climate Solutions Fund will give investors exposure to companies engaged in the design, manufacture or sale of products such as electric vehicles, green hydrogen and renewable energy. To be managed by Velislava Dimitrova and Cornelia Furse, the new fund is classified Article 8 under the EU Sustainable Finance Disclosure Regulation.

Venture Capital: OLIO, Which Enables Food To Be Shared, Raises $43M

September 7, 2021

OLIO, the food sharing app which encourages community sustainability, announced its Series B raise of $43 million led by Swedish investment firm VNV Global and New York-based hedge fund Lugard Road Capital. Existing investors Accel, Octopus Ventures, Rubio, tech entrepreneur Jason Stockwood, and politician and media businessman Lord Waheed Alli also participated.

Digital Assets: Oil Drillers And Bitcoin Miners Hold Hush-Hush Confab In Texas

September 7, 2021

Nearly 200 people from the oil and gas and bitcoin mining industries met in Houston, Texas, last week to join forces on the long-standing problem of natural gas flaring. Excess and wasted gas from drilling sites in Texas has to be flared if the site is not within reach of a gas pipeline – this is so-called ‘stranded gas.’ The process of flaring is a waste of energy and has climate activists in arms for the harm it does to the environment. Instead, capturing the gas and using it to mine bitcoin is climate friendlier, curbs energy waste, and earns dollars for both driller and miner.

Alternative Investments/ESG: New Sustainable Small Cap ETF From UBS

September 2, 2021

The new UBS ETF (IE) MSCI World Small Cap Socially Responsible UCITS ETF from UBS Asset Management offers investors exposure to companies having strong sustainability profiles and covered by the MSCI World Small Cap SRI Low Carbon Select 5% Issuer Capped universe.

Alternative Investments/ESG: Cathie Wood’s ARK Investment To Launch Transparency ETF

September 1, 2021

Cathie Wood’s Ark Investment Management has filed on Tuesday for launching a new transparency-focused ETF that will avoid investments in companies involved in vices such as alcohol, tobacco, and gambling. It will also eschew banking and oil companies.

Artificial Intelligence: Quadroin, A Next-Gen Bionic AUV For Monitoring Ocean Eddies

September 1, 2021

Scientists have long tussled with the problem of unlocking information from ocean eddies, small ocean currents that have an immense influence on the Earth’s climate and on animals and plants in the seas. They are also responsible for approximately half of all phytoplankton production. But its extremely difficult to study or measure them due to their short life and small, erratic sizes. Until now.

Alternative Investments/ESG: Here’s DTOX, An ETF For A Healthy Life And Clean Planet

August 31, 2021

The Cleaner Living ESG-S Ucits ETF (DTOX) will give investors exposure to themes emerging in cleaner food and dining, cleaner health and beauty, cleaner building and infrastructure, cleaner transportation, and cleaner energy. To be listed on London Stock Exchange in early September, the ETF is the second product from the HANEtf-Quikro combine.

Venture Capital: A New $620M Innovation Fund Wants Britain To Become The “Silicon Valley Of Energy”

August 31, 2021

In a move aimed to decarbonize the UK’s energy networks, Ofgem, the country’s energy system regulator, and Innovate UK are inviting applications for a £450 million (US$620 million) energy innovation fund in the areas of heating, transport, digitalization, and system integration.

Venture Capital: Form Energy Scores $240M For Its Revolutionary Iron-Air Battery

August 30, 2021

Secretive but high profile battery technology startup Form Energy has collected a $240 million Series D funding round that included Breakthrough Energy Ventures as an investor. Breakthrough is backed by investors such as Bill Gates and Jeff Bezos. Form Energy’s first commercial product is a rechargeable iron-air battery capable of storing electricity for 100 hours.

Alternative Investments/ESG: Gresham House Closes On $175M For Forestry Fund

August 30, 2021

Gresham House (AIM: GHE), a specialist alternative asset manager listed on the London Stock Exchange’s Alternative Investment Market (AIM), offers alternative investment solutions focusing on a sustainable future and ESG. The Gresham House Forest Growth & Sustainability Fund has raised this month an initial £127 million (US$175 million) and will generate returns from timber and carbon credits.

Alternative Investments/ESG: The Future Fund ETF For Exposure To World-Beating Innovation

August 26, 2021

SEC-registered investment advisor, The Future Fund LLC, launched this week The Future Fund Active ETF (FFND) under the stewardship of Gary Black, managing partner, and David Kalis, CFA, partner.

Artificial Intelligence: Margaret Mitchell, Former Head Of Google’s Ethical AI, To Join Hugging Face

August 25, 2021

Margaret Mitchell, the former head of Google’s (NASDAQ: GOOGL) Ethical AI research group, will join AI startup Hugging Face where she will develop tools to help companies eliminate bias from their AI algorithms. Initially suspended in January, Mitchell was fired by Google February ostensibly because of a paper she co-wrote that was critical of the company.

Venture Capital: 3D-Printed Homes Maker ICON Raises $207M Series B

August 24, 2021

Construction technology startup ICON has closed a $207 million Series B round of financing led by Norwest Venture Partners with investments by 8VC, BIG-Bjarke Ingels Group, BOND, Citi, Crosstimbers, Ensemble, Fifth Wall, LENx, Moderne Ventures, and Oakhouse Partners.

Artificial Intelligence: Researchers Use AI To Warn Of Wildlife Health Concerns

August 24, 2021

Wildlife rehabilitation centers on the California coast often receive ailing marine birds suffering from domoic acid poisoning, which is caused by harmful algal blooms. The neurological disease afflicts California brown pelicans, red-throated loons, and other species, but the problem remains – how to warn other rehab centers on the coastline of the emergence of the disease? Researchers at UC Davis have now devised an AI system for real-time detection

Alternative Investments/ESG: Goldman Sachs To Acquire ESG-Focused NN Investment Partners

August 23, 2021

Goldman Sachs (NYSE: GS) has agreed to buy all of NN Investment Partners, a Netherlands-based asset manager with $355 billion in assets under management and about $70 billion in assets under advisement. NN Investment Partners is the money management arm of Dutch insurer NN Group NV (AEX: NN) and 75% of its assets under supervision are ESG integrated.