A post-Trump world: The sustainability effect
During his time as president, Donald Trump shunned climate science and sustainability, backing coal and fossil fuels instead. Following Joe Biden’s election, sustainability is back on the agenda.
For Florence Barjou, chief investment officer at Lyxor Asset Management, the effects of a Biden presidency from an ESG perspective could be “sizeable and far-reaching” across economies and financial markets.
“The $2 trillion (€1.65 trillion) green plan, devised during the election campaign, will need to be financed somehow, with a boost in green bond issuance an obvious and likely outcome,” she says. Substantial increases in the use of clean energy are to be expected.
His Bridgewater hedge firm and Lyxor will offer climate-friendly investing vehicle in Europe in 2021.
Ray Dalio’s hedge fund firm, Bridgewater Associates, is launching a sustainability strategy in Europe, upping its exposure to the environmental, social, and governance (ESG) investing trend.
Bridgewater, the world’s largest hedge operation with $140 billion in assets, aims to open a sustainable fund next year. Dalio is no stranger to ESG efforts: In 2018, he and fellow billionaire Mike Bloomberg announced a marine biology venture focused on ocean conservation. Bridgewater previously has advised clients on ESG investing.
The Dalio firm has partnered with Lyxor Asset Management, a subsidiary of French bank Societe Generale, and will offer ESG investments in Europe via a UCITS (Undertakings for Collective Investment in Transferable Securities) structure, a cross between a mutual fund and a hedge fund.
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How global macro hedge funds can capitalise on the “looming” economic normalisation
Submitted
By Hugh Leask | 15/12/2020 - 3:45pm
Global macro hedge funds from across the emerging market, systematic and discretionary spectrum may be well-placed to capitalise on prevailing equity valuations amid economic “normalisation”, Lyxor Asset Management strategists said this week.
While discretionary global macro funds offer a tactical bias, which appears relevant “at the trough of the business cycle”, emerging market-focused macro managers benefit from stronger credit profiles of energy and metal exporters amid rising commodity prices.
Risk assets have been setting new records in the US recently, Lyxor said in a note this week, with the S&P500 now up 13 per cent since the end of October, before the results of the Pfizer/BioNTech Covid-19 vaccine were announced.
Hedge Fund and Insider Trading News: Whitebox Advisors, Gammon Capital, Fenician Capital Management, BNP Paribas Asset Management, GW Pharmaceuticals PLC (GWPH), Mustang Bio Inc (MBIO), and More
A New York hedge fund that’s gained 449% in this year’s pandemic roller-coaster is betting on a new wave of volatility in the event Congress fails to extend a key bank provision in any new stimulus bill. As time runs short on breaking the legislative impasse,
Gammon Capital LLC has been loading up on bearish stock options to wager on the prospective market fallout.
SEOUL A U.S. hedge fund is challenging a plan by South Korea’s LG to spin off four affiliates through a new holding company for a relative of the Koo family, arguing that it will fail to create value for long-suffering minority shareholders.