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.

Top Story

Artificial Intelligence: Monarch’s Electric, Driver-Optional, Smart Tractor Now In Commercial Production

December 2, 2022

Monarch Tractor has rolled out the first production model of the MK-V tractor that combines electrification, automation, and data analysis to help farmers reduce their carbon footprint, improve field safety, streamline farming operations, and boost profitability. The company’s first customer is liquor and wine group Constellation Brands (NYSE: STZ), which has purchased the first six Founder Series MK-V tractors.


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More Stories on ESG and Sustainability

Artificial Intelligence: Capitol Records Dumps AI Rapper FN Meka, Apologizes To Black Community

August 24, 2022

Famed record label Capitol Records, which signed AI-generated, virtual rapper artist FN Meka earlier this month, has walked away from the contract citing unintended and overlooked racial overtones and the AI character’s “gross stereotypes” of the Black community.

Alternative Investments/ESG: Vanguard Files For Global Environmental Opportunities Stock Fund

August 19, 2022

Vanguard has revealed its plans to launch the Vanguard Global Environmental Opportunities Stock Fund, to be actively managed by Ninety One, an experienced active investment manager with a proven track record in environmental, decarbonization, and global investing. Founded in 1991, Ninety One manages approximately $160 billion globally.

Artificial Intelligence: Shrimps On Tap From The Shrimpbox – An AI-Powered, Temperature Controlled Cargo Container

August 17, 2022

The Shrimpbox is described as an intelligent, automated shrimp farm that is disconnected from the oceans, and located close to the consumer. It enables the production of shrimp without the ill effects of traditional shrimp farming – which pollutes oceans, destroys habitats and contributes to overfishing.

Alternative Investments/ESG: Morgan Stanley To Debut In ETFs With Four ESG Equity Funds

August 17, 2022

Morgan Stanley (NYSE: MS), which coined the term “exchange traded fund” in the 1990s, is making a comeback into the $6.9 trillion ETF market with four socially conscious and sustainable funds under the Calvert label that will invest in US and international stocks. Though late to the party in terms of both ETFs and ESG, Morgan Stanley will bring to bear its $1.4 trillion AUM and marketing muscle on a market that recently saw the advent of the Capital Group and Neuberger Berman.

Artificial Intelligence: Israeli Startups ASTERRA, Albo Climate Use Satellites And AI To Hunt For Lithium And Carbon

August 16, 2022

Satellite sensors are delivering valuable data to Israeli startups for analysis with AI to obtain insights on the extent of absorption of carbon on land, as well as locate valuable deposits of lithium that would otherwise be difficult to find and damaging to the environment.

Venture Capital: E.ON To Be Anchor Investor In Its Venture Arm’s Climate Tech Fund

August 15, 2022

Future Energy Ventures, the venture arm of Germany head-quartered electric utility E.ON SE (ETR: EOAN), has established a new, independent Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF. The new fund aims to become Europe’s leading venture capital investor focused on the energy transition and will invest Series A and B investments in ventures that aim to transform the traditional energy value chain towards net zero.

Alternative Investments/ESG: HSBC Launches First-Of-Its-Kind Biodiversity Screened ETF

August 15, 2022

HSBC Asset Management has launched the HSBC World ESG Biodiversity Screened Equity UCITS ETF (HBDV) on the London Stock Exchange with a total expense ratio (TER) of 0.35%. The ETF is labelled Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).

Alternative Investments/AI: Direxion Launches A Leveraged Electric And Autonomous Vehicle ETF

August 12, 2022

The Direxion ETF provides 200% exposure to the electric and autonomous vehicles industry. ETF issuer Direxion announced the launch of the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares ETF (EVAV) that benchmarks 200% of the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Accordingly, it invests in 25 U.S.-listed companies…

Alternative Investments/ESG: An “Anti-ESG” ETF, Backed By Thiel And Ackmann, To Gun For Fossil Investing

August 11, 2022

Strive Asset Management announced the launch of the Strive US Energy ETF (NYSE: $DRLL) which seeks to take advantage of a likely bull run in US energy stocks from an unfolding demand-supply imbalance in the global energy markets. Taking an anti-ESG stance, the ETF will mandate U.S. energy companies to reject shortsighted political agendas and to focus on long-term profitability, including through increased investment in oil and gas production.

Alternative Investments/Digital/ESG: SoFi Launches Web3 And Smart Energy ETFs

August 10, 2022

SoFi Invest, the investing and trading arm of SoFi Technologies, announced the launch of two new ETFs, SoFi Web 32 (NASDAQ: TWEB) and SoFi Smart Energy (NYSE: ENRG) that provide exposure to two of the world’s fastest-growing industries.

Alternative Investments/ESG: Chimera Capital Launches Shariah Turkish Equity ETF

August 9, 2022

The Chimera S&P Turkey Shariah ETF seeks to invest in the most liquid Shariah-complaint stocks listed on the Borsa Istanbul. Launched by Chimera Capital, an Abu-Dhabi-based investment management firm and subsidiary of Chimera Investment, the ETF tracks the performance of the S&P Turkey Shariah Liquid 35/20 Capped Index (Bloomberg: SPTSLCAP), provided by S&P Dow Jones Indices.

Venture Capital: L’ATTITUDE Ventures Raises $100M To Back Latino Startups

August 3, 2022

L’ATTITUDE Ventures closed its first institutional fund raising on Wednesday, raising over $100 million with an anchor investment from Wall Street titan JPMorgan Chase (NYSE: JPM) and initial investments from Trujillo Group and Bank of America (NYSE: BAC).

Alternative Investments/ESG: New ESG Gold ETF From Sprott To List August 2

August 2, 2022

Sprott Asset Management LP, a wholly-owned subsidiary of Sprott Inc. (NYSE: SII), today announced the launch of the Sprott ESG Gold ETF (NYSEARCA: SESG) that will begin trading on the NYSE ARCA with effect from August 2, 2022. The new ETF will invest solely in gold (“Sprott ESG Approved Gold”) that satisfies the ESG and provenance standards developed by Sprott. (Financial Post)

Artificial Intelligence: Protecting Tigers In India

August 2, 2022

India’s majestic tigers are vulnerable to poachers, injury, accidents and illness, and faced with the threat of a shrinking habitat as humans muscle into their territories. India’s National Tiger Conservation Authority (NTCA) has been using AI for helping in the mammoth task of protecting these magnificent animals, but is now looking to take the role of the technology to a new level.

Venture Capital: Enko, Which Uses AI To Discover Crop Protection Molecules, Raises $70M

July 29, 2022

Enko announced its $70 million Series C funding round led by agrochem company Nufarm with participation by Anterra Capital, Taher Gozal, the Bill & Melinda Gates Foundation, Eight Roads Ventures, Finistere Ventures, Novalis LifeSciences, Germin8 Ventures, TO Ventures Food, Endeavor8, Alumni Ventures Group and Rabo Food & Agri Innovation Fund.

Venture Capital: Fifth Wall VC Raises $500M To Decarbonize Real Estate

July 28, 2022

Venture capital firm Fifth Wall has raised $500 million for its inaugural Climate Fund that seeks to help decarbonize global real estate through investments in software, hardware, renewable energy, energy storage, smart buildings, and carbon sequestration technologies. Investors included American Homes 4 Rent, BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoé Cambridge, Kimco Realty Corporation, Lineage Ventures, MGM Resorts, NZ Super Fund, Osgoode Properties, and UDR, among others.

Artificial Intelligence: Suit Claims A Chicago Man Was Wrongfully Imprisoned Based On ShotSpotter AI

July 27, 2022

After spending nearly a year behind bars, Michael Williams filed a lawsuit against the city of Chicago over the shooting of a man in his car in 2017. Prosecutors withdrew the charges against the 65-year-old after they discovered insufficient evidence. The human rights advocacy group at Northwestern University said the city’s law enforcement relied solely on ShotSpotter technology and ignored other leads in the investigation.

Venture Capital/ESG: Sustainable Lithium Extraction Startup EnergyX Lands IPO-Linked Funding Commitment Of $450M

July 26, 2022

Global Emerging Markets (GEM) has committed an investment of $450 million in lithium and battery technology startup Energy Exploration Technologies (EnergyX). The funds will be used to commercialize the latter’s direct lithium extraction and refining technologies. EnergyX’s LiTAS technology has been tested in the Lithium Triangle in South America and increases lithium production from 30% to 94% of what is normally recovered.

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.