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A new report finds that investment in alternative investment funds with environmental, social and governance criteria went up about 16% from last year.
“Sustainability Trends in Alternative Investments in the United States,” a report from the SIF Foundation by the Center for Social Philanthropy at the Tellus Institute, details that $80.9 billion was invested in 375 alternative investment funds - hedge funds, property investment, venture capital and private equity - incorporating ESG criteria at the beginning of 2011.
According to the report, that’s a 15.9% growth in combined assets since the beginning of 2010, when 346 alternative funds managed a combined total of $69.8 billion.
The report also found that hedge funds lagged behind other fund vehicles when it came to socially responsible investment with 47 hedge funds, representing a total of $2.6 billion in assets under management. That’s only 12.5% of funds reported with an ESG mandate.
“Sustainability Trends in Alternative Investments in the United States”
