Tue, Jun 22, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

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.

DSC has brought over Paula Luff to lead the ESG effort. Luff was previously with Inherent Group, where she directed the development of an ESG platform for the investment manager.

The Climate Action strategy involves engaging with companies in order to align potential targets with the climate standards outlined in the Paris Climate Agreement and UNPRI. The strategy will also draw on the Sustainability Accounting Standards Board (SASB) framework and proprietary screening around issues that are likely to impact valuations and creditworthiness.

"We think event driven credit as a strategy is well positioned to engage with corporations, raise ESG issues and make an i......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. PE/VC: How Tiger Global earned its stripes as the world's biggest unicorn hunter, The opportunity in private real assets[more]

    How Tiger Global earned its stripes as the world's biggest unicorn hunter From Crunch Base: Tiger Global Management, already one of the most voracious startup investors in recent years, is roaring into 2021 more aggressively than ever. The 20-year-old New York-based investing firm

  2. New Launches: Reverence Capital seeks $1.7bn for new buyout fund, $1.2tn US giant Nuveen launches core impact bond fund into Ucits market, Marlin Equity Partners closes $810m for second Europe fund, Credit Suisse raises $318m climate fund, BNP Paribas AM launches ecosystem restoration fund, Architect Capital raises $100m for asset-based financing[more]

    Reverence Capital seeks $1.7bn for new buyout fund From PE Insights: Reverence Capital Partners is seeking $1.7 billion for its third private-equity fund, re-entering the market less than two years after a predecessor buyout vehicle exceeded its target by 60%, according to people famil

  3. Man Group-Oxford quants say their AI can predict stock moves[more]

    From Bloomberg: Man Group Plc-backed researchers at the University of Oxford say they've created a machine-learning program that can project how share prices move -- notching an 80% success rate for the equivalent of about 30 seconds of live trading. Artificial-intelligence experts at the Oxford

  4. Tiger crowd suffers losses in May, with some funds now in the red, Tiger Global and Third Point are gearing up for a unicorn IPO[more]

    Tiger crowd suffers losses in May, with some funds now in the red From Institutional Investor: May was a rough month for many of the Tiger crowd. Several Tiger Cubs, Seeds and Grandcubs are down by double digits this year. A number of Tiger Cubs, Seeds and Grandcubs posted losses t

  5. New Launches: Madison Dearborn strikes $5bn to close its second-biggest fund to date, Pollen Street Capital IV raises $790m, close to surpass target, Mountaingate Capital Closes Second Fund at $476m, Vontobel launches impact fund for Federated Hermes hire, First Japanese ESG-focused investment fund launched, Greystar raises $882m for pan-European residential fund, Vitality launches ESG fund range[more]

    Madison Dearborn strikes $5bn to close its second-biggest fund to date From Alt Assets: US private equity major Madison Dearborn has struck a $5bn final close for Fund VIII to seal the second-biggest raise in its history. The firm's website confirms the vehicle is currently being u