Page 4 - Paula Luff News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Ball State Board of Trustees discusses decreased freshmen enrollment, Brown Family Amphitheater budget
ballstatedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ballstatedaily.com Daily Mail and Mail on Sunday newspapers.
Ball State confirms lower enrollment prediction, smaller freshman class
thestarpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestarpress.com Daily Mail and Mail on Sunday newspapers.
A day in the life of Wall Street shows NYC at cusp of comeback
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
DSC Meridian focuses on ESG with new Climate Action Fund Wednesday, April 07, 2021
Bailey McCann, Opalesque New York for New Managers:
DSC Meridian Capital, a distressed and event-driven credit hedge fund led by ex-Paulson Head of Credit Research Sheru Chowdhry, has launched the Climate Action Fund (CAF). CAF marries the strategy used in DSC s flagship Credit Opportunities Fund with an ESG overlay focusing on decarbonization. The resulting strategy is one of the first distressed and event-driven credit hedge funds to focus on ESG.
CAF aims to build on the success of the Credit Opportunities Fund. According to performance information for investors obtained by Opalesque, DSC s flagship strategy was up +1.97% net in March and is up +9.60% net year to date. The fund returned +13.07% net in 2020.
Distressed credit and a fund focused on slowing down climate change don’t seem like a natural match.
But after two years of research, Sheru Chowdhry, founder and chief investment officer of DSC Meridian (and the former head of credit research and co-portfolio manager at Paulson & Co) has launched the first distressed and event-driven credit hedge fund investing with environmental, social, and governance goals.
In line with that, DSC Meridian, a long-short corporate credit manager, has hired Paula Luff as head of ESG research and development to run the new Climate Action Fund and help the firm shift to meet ESG standards. Luff has been on both sides of the ESG fence: She built an ESG platform for asset manager Inherent Capital and has developed sustainability programs for corporates. Under Luff, the Climate Action Fund has a dual mandate: Match the returns of the high-yield sector and lower the carbon footprint of the companies in the portfolio by aligning them with the Paris Cl