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Laxman Pai, Opalesque Asia: The global leader in institutional portfolio management and the largest hedge fund in the world Bridgewater Associates launched a sustainable investing group overseen by Karen Karniol-Tambour and Carsten Stendevad, both newly named co-chief investment officers for sustainability at the world's largest hedge fund.
Both will lead efforts on the design and implementation of sustainable investments with clients pursuing sustainability goals alongside their financial targets, said a press release from the American investment management firm founded by Ray Dalio.
Ms. Karniol-Tambour, previously Bridgewater's head of investment research, and Mr. Stendevad, a Bridgewater senior investment executive will also serve as co-chairs of Bridgewater's new sustainable investing committee.
According to the release the new group will embed sustainability considerations into the firm's investment processes when appropriate.
"Sustainable investing is a strategic priority for Bridgewater and for our clients," said David McCormick, CEO of Bridgewater. "Understanding the economic impact of environmental, social, and governance issues have always been crucial to our study of how economies and markets operate, and it is an increasing priority for our clients to achieve financial goals as well as have environmental and social impacts in their portfolios. With Karen and Carsten, we are deploying some of our leading investment talent and the powe...................... To view our full article Click here
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