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From Benedicte Gravrand, Opalesque London:
Dhaulagiry Asset Management, a Geneva-based start-up boutique with around Eur10m ($12.8m) of assets in managed accounts for three strategies, is looking to launch new funds and attract institutional investors. Two of these strategies are focused on socially responsible investments (SRI), a topical theme in the fund management world.
Common themes for SRI include avoiding investing in companies which supply addictive substances (alcohol, gambling, tobacco) or weapons, which do not apply good labour or human rights, or which are corrupted. Investments are also typically made into companies engaged in environmental sustainability and alternative energy/clean technology efforts.
It can be said that the recent BP oil spill debacle may help many investors decide on whether to put their money in unscrupulous funds or in ethical funds. Although they may hesitate, as SRI funds do not always give stellar performance.
However, most studies of ethical or socially responsible investment funds find that their performance is roughly similar or sometimes higher than returns from conventional investments, Rob Robbins, founder of US online ethical investment magazine Investing for the Soul, told Fair Investment last...................... To view our full article Click here
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