ESG & Investing
A Hedge Fund Manager’s Guide to Handling GOP Attacks on ESG
- Man Group CIO says talks with GOP clients look at financials
- ESG investing is under ongoing attack in Republican states
Source: Newscast/Universal Images Group/Getty Images
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The best defense against Republican attacks on ESG is to persuade naysayers that the investing strategy can actually help financial performance, according to the chief investment officer for responsible investment at Man Group.
The world’s largest publicly traded hedge fund doesn’t screen for environmental, social and governance risks “just to try to make the world a better place,” Rob Furdak, Man Group’s CIO overseeing its ESG assets, said at a panel hosted by Bloomberg Intelligence in London on Thursday. “We do it because we think it improves our investment process.”