Stuart Kirk, who is responsible for integrating ESG risks across asset classes at HSBC asset management, told conference participants the financial industry should ”get back to making money out of the transition.” He has since been suspended.
Professional investors overwhelmingly prefer to use actively managed funds to deal with environmental, social and governance risks, according to a report from Capital Group that suggests the recent surge in passive ESG strategies may be at odds with industry needs.
The soon-to-be former Head of Sustainable investing at PFA, Sasja Beslik, recently said he was “sick of greenwashing”. Talking to AMWatch, he berates the global ESG industry, calling most funds an empty construct.
The Head of Active Equity and Fixed Income Management is one of three top-level employees that Sweden’s second largest fund manager has lost to Coeli in a short space of time. He brought the two others onboard to launch a new fund at Coeli after the summer.
The Danish defense industry has encouraged pension funds in the country to look more positively at investments in weapons. ”We would like it to be considered ordinary societal responsibility,” says an industry leader.
The Danish FSA, Finanstilsynet, states that asset managers are using the EU’s sustainable finance disclosure regulation to signify quality, which is not the point of the legislation. In fact, the FSA states it is the opposite of what the EU intended.
The asset manager has poached profiles from BlackRock and Nykredit to accelerate growth across several business segments. Head of Nordics and Benelux Christoffer Hedberg believes his new team is set up for something big.
The Swedish sustainability profile spills the beans on why he is leaving Danish pension company PFA after six months. He tells AMWatch why the opportunity from Japan was too good to turn down and why he’s sick of industry greenwashing.
Europe’s desire to break away from Russian gas, oil and coal will increase the demand for renewable energy, which will support our private asset management business in the long term, says CEO of Finland’s Taaleri Peter Ramsay.
Norway’s largest asset manager is content with a muted AUM drop in Q1, helped by strong inflows in its Swedish operations as well as growing appetite for its value strategies and real assets, CEO Jan Erik Saugestad tells AMWatch.