ESG
The firm has named a director to lead its sustainability investment research institute.
The firm’s head of impact investing will retire this summer and the firm has named a portfolio manager on its impact investment team as their successor.
The bill will help ensure colleges and universities are providing opportunities to women and minority asset managers by mandating transparency and standardizing data collection.
John Balbach serves as director of impact investments at the MacArthur Foundation and manages the operations of the Chicago-based organization’s approximately $500 million impact investment pool. He took the time to answer 5 questions with FIN News.
The program is looking to incorporate ESG and DEI language into its investment policy statement in the third quarter to improve representation of underrepresented communities in fund management and the underlying funds within its portfolio.
The tool enables institutional investors to extract value from sustainable investment data supplied by providers through technology-enabled normalization, management, calculation and screening capabilities.
The council will assist the global investment and wealth management firm’s clients align their portfolios with their mission.
The fund is expected to notify one of its managers of its placement on the state’s initial list of 13 financial institutions that are banned from state contracts due to their boycotts of fossil fuel companies or failure to reply to a questionnaire.
The firm recently held a first close of its climate private equity strategy with $500 million in capital commitments.
The university is helping devise an ESG-related investment policy for its affiliated foundation, as the institution weighs a pivot toward illiquid strategies within its endowment in June.