Partners Capital Strengthens ESG and Responsible Investing Team with New Head
Kristen Eshak Weldon joins Partners Capital as Global Head of ESG and Impact Investing
LONDON, Feb. 23, 2021 /PRNewswire/ Partners Capital, a leading global Outsourced Investment Office with in excess of $38 billion in assets under management, announced that Kristen Eshak Weldon has joined the firm as Global Head of ESG and Impact Investing.
This is a strategically important leadership role within the firm with the overarching objective of continuing to build out its ESG and Impact investment platform. Kristen will further integrate ESG considerations into the firm s decision making and lead targeted engagements with asset managers to ensure that they fully and effectively incorporate ESG drivers into their investment decisions. Furthermore, Kristen will be responsible for building impact investment portfolios and taking over responsibility for measuring the impact that those investments have on the pl
Blackstone’s hedge fund AUM dips despite performance gains, as group-wide assets rise 8 per cent
Submitted
By Hugh Leask | 27/01/2021 - 6:30pm
Blackstone – the world’s largest alternative investment manager – has seen its group-wide assets increase by 8 per cent, though its hedge fund capital fell slightly last year, despite positive performance amid “significantly less volatility than the broader markets”.
The group, which runs a range of hedge fund, private equity, credit, real estate, and alternative products, saw its total assets under management swell to USD618.6 billion in 2020 – an 8 per cent year-on-year increase from 2019’s total of USD571.1 billion, with Q4 2020 inflows numbering USD32.3 billion.
Operator
Good day everyone, and welcome to the Blackstone Fourth Quarter and Full-Year 2020 Investor Call hosted by Weston Tucker, Head of Investor Relations. My name is Leslie, and I m the Event Manager. [Operator Instructions]
And I would like to hand you over to your host for today, Weston. Please go ahead.
Weston Tucker
Senior Managing Director, Shareholder Relations
Terrific, thanks, Leslie, and good morning, and welcome to Blackstone s fourth quarter conference call. Joining today are Steve Schwarzman, Chairman and CEO; Jon Gray, President and Chief Operating Officer; and Michael Chae, Chief Financial Officer. Earlier this morning, we issued a press release and slide presentation, which are available on our website. We expect to file our 10-K report later next month. I d like to remind you that today s call may include forward-looking statements, which are uncertain and outside of the firm s control and may differ from actual results materially.
3 Taking Advantage of the Opportunities
The effects of the COVID-19 pandemic have challenged economies around the world, but when 2020 is wrapped up, China will likely prove to be the only large country that has contributed to global GDP growth. It’s no surprise to institutional investors who are enticed by such growth that access to China can be a challenge – especially in the hedge fund space – but it can be decidedly less so when working with an investment partner that knows the lay of the land.
One of the first foreign asset managers to enter China was UBS Asset Management (through a local joint venture), and in the nearly 15 years since doing so it has made China – and Asia overall – a top strategic initiative. As such, investors who work with UBS HFS in a fund of funds context find that the necessary resources have long been in place, and the relationships and knowledge run deep.
3 Taking Advantage of the Opportunities
The effects of the COVID-19 pandemic have challenged economies around the world, but when 2020 is wrapped up, China will likely prove to be the only large country that has contributed to global GDP growth. It’s no surprise to institutional investors who are enticed by such growth that access to China can be a challenge – especially in the hedge fund space – but it can be decidedly less so when working with an investment partner that knows the lay of the land.
One of the first foreign asset managers to enter China was UBS Asset Management (through a local joint venture), and in the nearly 15 years since doing so it has made China – and Asia overall – a top strategic initiative. As such, investors who work with UBS HFS in a fund of funds context find that the necessary resources have long been in place, and the relationships and knowledge run deep.