Hedge Funds Said To Lag Other Asset Managers In ESG: Here’s Why That Might Not Be AccurateMichelle Jones
Environmental, social and governance (ESG) issues have taken the financial industry by storm, but a recent study suggests hedge funds are lagging behind other market participants. According to a recent white paper by Peltz International, the ESG sector is estimated to be worth $40 trillion.
Hedge Funds Said To Lag Other Asset Managers In ESG Adoption
Assets in ESG products have grown 25 times between 1995 and 2020 and tenfold between 2018 and 2020. According to Peltz, some of that growth can be attributed to fund managers merely rebranding their funds as sustainable.
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