Investment Jumps in Socially Responsible Alt Funds

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AppId is over the quota
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”

Where Are The Women In The Industry?

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According to the 2010 U.S. Census, while the number of working women have surpassed that of men, the hedge fund industry have yet to reflect that statistic.

Women only manage about 3% of the nearly $2 trillion industry, according to a recent study, but they get their due in a Business Insider article this week.

The spotlight is shone on such stars as Renee Haugerud, founder of New York-based fund Galtere, who transformed her $5 million firm into a $1 billion company; Leda Braga, president of BlueCrest Capital Management, who manages an astonishing $8 billion alone in her fund; and Elena Ambrosiadou, founder of Cyprus-based hedge fund IKOS Asset Management, who runs nearly half of the company's $2.5 billion assets under management.

Go to Business Insider article

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