Hedge funds balk at major ESG intervention planned in Europe
One of the world’s biggest hedge-fund associations said Europe may be overstepping its legal authority with a planned intervention in the market for ESG investing.
By Frances Schwartzkopff / Bloomberg
The European Securities and Markets Authority wants funds marketing themselves as ESG or sustainable to start meeting minimum portfolio thresholds to justify such labels. The proposal entails mandatory exclusions that lawyers say have the potential to upend the fund industry.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
