The president of one of the world's biggest investors explains why he's skeptical about private equity's buzzy 'do good' strategy
Private equity firms are trying to sell big investors on the idea of doing good and making money - but one major investor isn't convinced.
Some of the firms' biggest peers are rumored to be considering similar strategies as capital flows to the space. In 2018, the Global Impact Investing Network counted $228 billion in impact investing assets, double the amount a year prior. Mark Machin oversees the C$368.5 billion pension, which has long invested in TPG and KKR's private equity funds. He's fully focused on performance and considers environmental, social, and governance factors in terms of the effect on CPPIB's risk-adjusted returns, not the good that ESG does for the world.
Any ESG policy decisions for the fund must come out of rigorous analysis, Machin said. He cited CPPIB's board voting policy enacted in December that pushes for more women on boards as one example: The policy came only after internal research on 3,800 stocks and a meta-analysis of external studies that concluded that board diversity increases returns.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Canada watchdog to seek court order to force Facebook to follow privacy lawsFacebook Inc broke Canadian privacy laws when it collected the information of so...
Weiterlesen »
Canadian capital Ottawa declares state of emergency as waters swellRising waters are leading to further evacuations in central Canada, with the may...
Weiterlesen »
Canadian capital of Ottawa declares state of emergency as waters swellRising waters were prompting further evacuations in central Canada on Thursday, ...
Weiterlesen »
Canadian capital of Ottawa declares state of emergency as waters swellRising waters were prompting further evacuations in central Canada on Thursday, ...
Weiterlesen »
'Avengers: Endgame' off to record start in U.S., CanadaMarvel Studios superhero spectacle 'Avengers: Endgame' hauled in a rec...
Weiterlesen »
'Avengers: Endgame' on pace to crack $300 million in US and Canada openingThe 3-hour film starring Robert Downey Jr., Chris Hemsworth and Scarlett Johansson is the final chapter in a story told across 22 Marvel films. It picks up after 'Infinity War,' when many of Marvel's big-screen superheroes appeared to turn to dust.
Weiterlesen »
'Avengers: Endgame' on pace to crack $300 million in U.S. and Canada openingMarvel superhero spectacle 'Avengers: Endgame' hauled in a record $60 ...
Weiterlesen »
Canada to enact final tariffs for two types of steelCanada said on Friday it would enact final special tariffs, called safeguards, t...
Weiterlesen »
Why Immigrants, Students And U.S. Companies Are Going To CanadaAbsent changes in U.S. immigration policies, U.S. companies and foreign professionals will view Canada as an attractive alternative.
Weiterlesen »
From California to Canada, drive-thrus are getting mired by deviance, crime and violenceThe drive-thru line can be a fast and easy way to get food or make a bank deposit; it can also be a quick ray to commit a violent crime.
Weiterlesen »