Has Environmental Investing Entered the Mainstream? |
Date: Tuesday, August 11, 2009
Author: Pr-inside.com
GLG Partners, Inc. (“GLG”) (NYSE: GLG), the U.S.-listed asset manager,
has engaged Mercer’s investment consulting business, to examine if the
perceived need to tackle the issues around climate change and other
major environmental issues is resulting in a change in focus and
approach for mainstream investing. The study will examine the trends
and drivers in industry practice and contain insights from Mercer’s own
research and consulting experience.
Pierre Lagrange, co-founder and senior Managing Director of GLG said.
“We believe that environmental liabilities are already changing the
economics of some industries and will affect most industries’ returns
over the next 10 years. Our view, which is supported by the
McKinsey/Vattenfall report and work of the Carbon Mitigation Initiative
at Princeton University1,
is that many of the necessary improvements can be realized with
existing commercially available technologies, which raises the
important question of how best to focus beyond the early VC, clean tech
and other typical ‘SRI’ investments, to integrate environmental factors
into profitable mainstream investing.”
Emma Hunt, the principal leading the project on behalf of Mercer said.
“Many corners of the investment sector are incorporating
environmental issues into their research, analysis and investment
decisions. This is evident in the plethora of new products on the
market and the increasingly widespread claim that environmental factors
are being incorporated into investment processes. But is this really
entering the mainstream? By undertaking an in-depth look of the actual
penetration of environmental issues in the investment sector, we
believe that we will be able to provide some valuable insights for both
asset owners and asset managers on the current state of play.”
The study will examine public equity products in the institutional
marketplace with a focus on Western Europe and North America. The
results will be made available in autumn 2009.
About Mercer:
Mercer is a leading global provider of consulting, outsourcing and
investment services. Mercer works with clients to solve their most
complex benefit and human capital issues, designing and helping manage
health, retirement and other benefits. It is a leader in benefit
outsourcing. Mercer’s investment services include investment consulting
and multi-manager investment management. Mercer’s 18,000 employees are
based in more than 40 countries. The company is a wholly owned
subsidiary of Marsh & McLennan Companies, Inc., which lists its
stock (ticker symbol: MMC) on the New York, Chicago and London stock
exchanges. For more information, visit www.mercer.com : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..
About GLG:
GLG is a U.S.-listed asset management company offering its base of
long-standing prestigious clients a diverse range of alternative and
traditional investment products and account management services. GLG’s
focus is on preserving client’s capital and achieving consistent,
superior absolute returns with low volatility and low correlations to
both the equity and fixed income markets. Since its inception in 1995,
GLG has built on the roots of its founders in the private wealth
management industry to develop into one of the world’s largest and most
recognized alternative investment managers with a growing presence in
the traditional long-only investment product market. As of June 30,
2009, GLG managed net pro-forma AUM of $19.1 billion, adjusted for the
acquisition of SGAM, which closed on April 3, 2009.
1 Stabilization Wedges: Solving the Climate Problem for the Next 50 Years with Current Technologies by S. Pacala and R. Socolow
Finsbury:Matthew Newton / Charlotte Partleton+44 (0)20 7251
3801 GLG@finsbury.com : mailto:GLG@finsbury.com orAndy
Merrill / Stephanie Linehan+ 1 212 303 7600 GLG@finsbury.com : mailto:GLG@finsbury.com orMercer:Mags
Andersen+ 44 (0)20 7178 3513