Activist Hedge Funds Have A New Target: Polluting Companies

As billions of dollars pour into ESG and green energy funds worldwide, hedge funds see an opportunity. Managers are refocusing on ESG compliant investments, and activist investors are taking aim at companies they believe need to clean up their act. Q3 2021 hedge fund letters, conferences and more Leading the charge is Engine No. 1, a hedge fund that is less than a year old. It manages around $250 million for clients but has already made a substantial impact in the world of ESG investing. Engine No. 1 made headlines earlier this year when the manager took on ExxonMobil. Despite…