In May 2021, activist hedge fund Engine No. 1 shot to prominence on the back of its success in winning the shareholder fight with oil giant Exxon Mobil (XOM). The fund was relatively unknown at the time. It was founded in late 2020 by Chris James, a Wall Street veteran who formerly ran Andor Capital Management and Partner Fund Management. The San Francisco-based fund started with about $250 million in assets.
Triodos have, by far, the clearest commitment to carbon-neutral and ethical investing of any major fund brand. Almost certainly they launched the first ‘Green’ fund back in 1990, only ten years after they were founded and decades before the rest of the market.
Since 2017 – long before many of us even heard the phrase ‘ESG’ – Colm O’Conner at KBI has been building the Global Sustainable Infrastructure Fund (GSIF). Now in its fourth year, the fund has great performance, runs under an Article 8 banner and invests in all the companies I wanted to work for when I was a kid…
Essentially, the Italians do everything better than the rest of the world. It’s hard to admit – but it’s true. Born from the finest Italian Banking pedigree (Intesa Sanpaolo) – Eurizon is a prima donna of asset managers, complete with a virtuoso sustainable manifesto.
The Children’s Investment (TCI) Fund is one of the world’s most prominent ESG-concerned hedge funds, and often forms the vanguard of investor activism on ESG issues – especially around the environment and climate change. Despite the fact that they were never established as an activist, nor a climate-change fund – TCI have emerged as a preeminent and highly successful activist fund.
So-called ‘Say on Climate’ votes are quickly becoming an important element of company AGMs across the world.
It seems that 2021 will be dominated by two key themes: green investing and the fear of runaway inflation. The two themes may be linked, with a two-year surge in investment being partly to blame for the simultaneous increase in both prices and wages.