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: The Newday Sustainable Development Equity ETF

September 27, 2022

Newday offers portfolios addressing the world’s most pressing environmental and social issues including climate action, ocean health, clean water, diversity, equity and inclusion, wildlife conservation and animal welfare, and stakeholder capitalism. It manages its portfolios in alignment with the 17 United Nations Sustainable Development Goals (pictured above) to affect positive change. Earlier this month, it launched the Newday Sustainable Development Equity ETF (SDGS).

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More Stories on ESG and Sustainability

Alternative Investments/ESG: State Street Launches Paris-Aligned Emerging Markets Stock ETF

July 26, 2022

State Street Global Advisors (SSGA) has launched a climate-friendly emerging market ETF. The SPDR MSCI Emerging Markets Climate Paris Aligned UCITS ETF (SPF7) is listed on Deutsche Boerse, Borsa Italiana, the London Stock Exchange, and Euronext Amsterdam.

Venture Capital: IQM, European Maker Of Quantum Computers, Lands €128 million ($128m) In Series A2 Funding

July 25, 2022

IQM Quantum Computers, which is based in Espoo, Finland, and makes world-beating quantum computers for the benefit of mankind, announced its €128 million Series A2 funding round led by World Fund with the participation of Bayern Kapital, EIC Fund, OurCrowd, QCI SPV, Tofino and Varma along with its existing investors Maki.vc, Matadero QED, MIG Fonds, OpenOcean, Salvia GmbH, Santo Venture Capital GmbH, Tencent, Tesi, and Vsquared. Quantum computing is expected to improve drug discovery, transform encryption and data protection, and predict financial systems. For example, a problem that could take a supercomputer 10,000 years to solve would take a quantum computer only four minutes.

Venture Capital/ESG: Meati, Which Makes Alt Meats From Mushroom Roots, Raises $150M

July 22, 2022

Meati Foods, which makes plant-based meats using mushroom roots as a major ingredient, announced its successful closing of a $150 million Series C round led by Revolution Growth, with participation from existing and new investors, including Grosvenor Food & AgTech, Canada Pension Plan Investment Board (CPP Investments), Wellington Management, and Cultivate Next, Chipotle Mexican Grill’s new venture fund which includes Meati Foods in its first cohort of investments.

FinTech: “No Credit History Required” Card Offerer Tomocredit Lands $122M

July 22, 2022

Tomocredit, a credit card provider that does not insist on a FICO score from borrowers such as credit-invisible immigrants and international students with no credit history in the U.S, announced its raise of $122 million in equity and debt. The oversubscribed round met with participation by Morgan Stanley’s Next Level Fund, MasterCard, and debt from Silicon Valley Bank. Major fintech investors and culture funds including GoldHouse, Asian Hustle network, and Hyphen Capital, also participated.

Venture Capital/ESG: TAE Achieves 75 Million Degrees Celsius In Fusion Energy Reactor, Raises $250M From Marquee Investors

July 20, 2022

TAE Technologies, the fusion energy startup on track to commercialize its technology by the mid-2030s, has raised a $250 million Series G-2 round from investors including Google (NASDAQ: GOOGL), Chevron (NYSE: CVX), Sumitomo Corporation (TYO: 8053) of Americas, TIFF Investment Management, Reimagined Ventures, a large U.S. West coast based mutual fund manager, a big U.S. pension fund, and others. The round recognized TAE’s progress towards commercial fusion energy after Norman, the company’s fifth-generation fusion reactor, sustained stable plasma at more than 75 million degrees Celsius, 250% higher than its original goal.

Alternative Investments/ESG: ARK To Shutter Its Transparency ETF

July 20, 2022

Cathie Wood’s ARK Investment Management LLC announced the closure of its ARK Transparency ETF (BATS: CTRU) with effect from July 26, on which date it will stop trading on the CBOE. The investment manager said it decided to shutter the ETF because Transparency Global, the provider of the ETF’s index, will stop calculating the Transparency Index (TRANSPCY) effective July 31, 2022.

Alternative Investments/ESG: Deka Launches New UCITS ETF Focused On Future Energy Sources

July 18, 2022

The Deka Future Energy ESG UCITS ETF from issuer Deka has commenced trading on Xetra and Börse Frankfurt since July 14. The ETF invests in companies that contribute to promoting the transformation of the energy sector, including companies from the fields of solar and wind energy, geothermal energy, hydrogen propulsion and battery and energy storage technology.

Alternative Investments/ESG: “God Bless America,” An Anti-Activism ETF On The Cards

July 15, 2022

Tidal ETF Trust filed on July 13 for listing an actively-managed ETF named “God Bless America” under the ticker “YALL” on a national securities exchange. The politically-themed ETF will avoid investments in companies that “have emphasized political activism and social agendas at the expense of maximizing shareholder returns,” for example, abortion, a “hot-button” political item with no bearing on their business. The investible companies should also have a track record of creating American jobs.

Venture Capital: BrightEdge, The Venture Arm Of American Cancer Society, Ties Up With VC Third Rock Ventures

July 15, 2022

Leading biotech and healthcare venture firm Third Rock Ventures and BrightEdge LLC, the venture arm of the American Cancer Society (ACS), will collaborate for investing in early-stage startups focused on cancer treatments. BrightEdge will therefore get to participate in the the Series A and follow-on financing rounds of such companies as are backed by Third Rock.

Alternative Investments/ESG: Advisors Asset Management Launches ETF Focused On Transformative Technologies

July 15, 2022

Launched on Tuesday, the AAM Transformers ETF (NYSEARCA: TRFM) is the first thematic offering from Advisors Asset Management (AAM). The ETF screens for companies that exhibit stronger sales growth and capex growth compared to their peers, as well as allocate significantly to R&D spending.

Alternative Investments/ESG: Harbor Capital Launches New ETF To Address The Global Energy Transition

July 15, 2022

Investment manager Harbor Capital Advisors has launched the fully transparent Harbor Energy Transition Strategy ETF (RENW) to offer investors the opportunity to benefit from the energy transition megatrend that will see the world move from fossil-heavy energy sources and consumption to less carbon-intensive modes.

Alternative Investments/ESG: DWS Launches An ESG Eurozone Sovereign Bonds ETF

July 13, 2022

DWS has launched the Xtrackers II ESG Eurozone Government Bond UCITS ETF (XZEB GY). The ETF targets investments in the sovereign debt issued by countries in the eurozone.
The ETF tracks the FTSE ESG Select EMU Government Bond Index which covers fixed-rate, investment-grade sovereign bonds that are denominated in euros and issued by countries belonging to the common currency. Only bonds that have a minimum issue size of €2.5 billion and have a year to go before their maturity date are included in this index.

Alternative Investments/ESG: Purpose Launches Global Equity ETF With ESG Focus

July 13, 2022

Purpose Investments Inc. has launched the Black Diamond Impact Core Equity Fund (TSX: BDIC), an ETF offering diverse exposure across equity securities of companies all around the world that demonstrate a forward-looking sensitivity to Environmental, Social, and Governance factors.

Artificial Intelligence: The Australian City Of Sydney To Monitor Road Conditions Using AI Sensors On Buses

July 13, 2022

On Tuesday, New South Wales, a state in Australia, announced Asset AI, a A$2.9 million project to trial technology for monitoring the conditions on roads in Greater Sydney through the use of sensors on 32 public buses operating on various routes in the city.

Venture Capital/ESG: Blackstone Invests $400M In Carbon Platform Xpansiv

July 11, 2022

Blackstone announced that funds managed by Blackstone Energy Partners have invested $400 million in Xpansiv Limited, a market infrastructure platform for carbon and environmental commodities, as a strategic investment.

Venture Capital: BASF Invests In VC Climentum Capital To Develop CO2 Reducing Technology

July 7, 2022

BASF Venture Capital GmbH, the corporate venture arm of BASF (ETR: BAS), has invested in Climentum Capital’s first €150 million venture fund focusing on CO2 emission reductions. Other investors in the fund include Danish growth fund Vaekstfonden and Arbejdernes Landsbank, corporate investors, banks, industrial conglomerates as well as prominent family offices and successful tech entrepreneurs.

Alternative Investments/ESG: VanEck Launches European ETF Focusing On Sustainable Food Megatrend

July 7, 2022

The VanEck Sustainable Future of Food UCITS ETF has been listed on London Stock Exchange in US dollars (VEGI LN) and pound sterling (VEGB LN) as well as on Deutsche Börse Xetra in euros (VE6I GY). This new ETF will look for opportunities in plant-based meat and dairy alternatives, vertical farming, precision agriculture, functional ingredients, and vegan organic and health foods.

Venture Capital: Volvo’s Venture Arm Invests In Optibus, Which Optimizes Public Transportation

July 6, 2022

Volvo Group Venture Capital AB, the corporate venture arm of the Volvo Group (STO: VOLV-B), has invested an undisclosed amount in Optibus Ltd, a software platform for making transportation more efficient and sustainable. The investment is expected to accelerate the digitalization and electrification of the global public transportation sector, given that the Optibus platform is used in 1,000 cities in 26 countries globally.

Alternative Investments/ESG: Franklin Templeton Launches ETF Focused On Emerging Market Debt, Catholic Principles, And Sustainability

July 5, 2022

Franklin Templeton has launched the Catholic Principles Emerging Markets Sovereign Debt Ucits ETF. It will invest in both euro and dollar denominated sovereign debt issued by emerging market countries, but with an emphasis on Catholic principles and values. The ETF listed on the Deutsche Boerse, the Borsa Italiana, and the London Stock Exchange.

Artificial Intelligence/ESG: Invesco Launches Corporate Bond ESG Multi-Factor ETFs In Europe

July 5, 2022

Two new ETFs from Invesco that allow investors exposure to corporate bonds across a range of maturities have been listed on the Deutsche Börse Xetra. The actively managed ETFs will invest in bonds that pass ESG criteria and selected using a multi-factor approach.

Venture Capital/ESG: Twelve Raises $130M For World’s First Carbon Transformation Platform

June 30, 2022

Twelve has raised a $130 million Series B round to scale up its carbon transformation technology that converts captured CO2 into products traditionally made from fossil fuels. The firm’s technology has already been demonstrated successfully in the commercial production of a line of CO2Made sunglasses with sustainable fashion brand PANGAIA and carbon-neutral sustainable aviation fuel (SAF), E-Jet.

Alternative Investments/ESG: Chimera Capital Launches Shariah Compliant, US Equity ETFs On Abu Dhabi Exchange

June 29, 2022

Investors looking for an exposure to US equities that is also compliant with Shariah laws can now invest in two ETFs to be listed on the Abu Dhabi Exchange with a focus on value and growth respectively. These new funds, which are physical, in-kind, liquid and fully fungible, will offer investors direct access to the US stock markets.

Alternative Investments/ESG: A New ETF From Xtrackers Combines US Stocks With The Global Transition To Net Zero

June 29, 2022

Asset manager DWS has launched a new ETF that puts US equity investors on the Net Zero Pathway. The Xtrackers Net Zero Pathway Paris Aligned U.S. Equity ETF (NYSE Ticker: USNZ) listed on Tuesday and provides investors with twin exposures – US stocks as well as to a unique Paris Aligned Benchmark (PAB) index that uses a transparent set of rules that aim to be at the cutting edge of sustainable investment practices.

Venture Capital/ESG: Truist To Fund $120M For Black, Latinx And Women-Owned Businesses

June 28, 2022

Truist Financial Corporation (NYSE: TFC) alongwith Truist Foundation and Truist Charitable Fund, announced $120 million in assistance for small businesses, with a focus on Black, Latinx and women-owned businesses. Bill Rogers, Truist chairman and CEO, made the announcement at Truist’s Innovation and Technology Center in Charlotte, NC. He was joined by Lynette Bell, president of Truist Foundation, and Alethia Mendez, division president for Elevating Black Women Entrepreneurs at Grameen America.