Finance
Hedge Fund Adviser Sees ‘Potential’ for Exposing ESG Fakes
- Companies draw greater scrutiny about what sustainable means
- ESG label is being used for vast array of financial products
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Hedge fund managers will play a crucial role in figuring out who’s not living up to their environmental, social and governance promises, according to an adviser to the industry.
Petra Dismorr, chief executive officer of London-based NorthPeak Advisory, spends her time telling hedge funds and private equity firms in the U.S., Asia and London that ESG considerations are key to winning mandates in Europe. She also says hedge funds will ultimately have an edge when it comes to addressing a principle investor concern: policing companies that might not be as clean as they claim.