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Bailey McCann, Opalesque New York: ESG investing is growing in importance in the alternative investment management industry, in part due to client demand and a new focus on ethical principles, but adoption has been uneven according to a new survey from the Chartered Alternative Investment Analyst (CAIA) Association and Adveq, a global institutional private equity investor.
The online survey of CAIA Members was conducted in January 2017 with a total of 647 CAIA Members worldwide participating. Respondents included asset owners such as endowments, family offices, foundations, insurance companies, private and public pension funds, and sovereign wealth funds, as well as asset managers including multi-asset class, commodities, fixed income alternatives, hedge funds, managed futures, private equity, real assets, real estate, structured products, and venture capital.
More than three quarters of respondents to the survey, which included asset owners, asset managers and consultants, agree that Responsible Investing is more important than it was three years ago. The drivers for adoption include new industry standards (71%), pressure from institutional investors (67%), and positive investment return outcomes (64%).
Still there are some challenges for widespread adoption, more than four out of five survey respondents (84%) say Responsible Investing lacks clear industry standards, and 89 percent say better-defined standards would help in its development. Respondents see UN...................... To view our full article Click here
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