News Formal

‘Elizabeth Warren is right’: Activist investor Jeff Ubben quits his $16 billion hedge fund to launch an ESG firm, citing companies that ‘aren’t working for society or nature’ | Markets Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

‘Elizabeth Warren is right’: Activist investor Jeff Ubben quits his $16 billion hedge fund to launch an ESG firm, citing companies that ‘aren’t working for society or nature’

The activist investor plans to create a new hedge fund focused on environmentally and socially responsible investing. The fund — named Inclusive Capital Partners — will be launched in partnership with Lynn Forester de Rothschild, CEO of the Coalition for Inclusive Capitalism, according to the Times. Ubben hopes to employ the strategy he used with ValueAct's primary fund and focus on implementing strategy changes at specific companies.

Using ValueAct for responsible investing and hedge strategies confused investors, Ubben added. Clients interested in ESG factors feared they were missing out on profits, while those piling into the firm's hedge fund worried about being labeled ignorant to environmental and social issues, according to the Times.

"Finance is, like, done. Everybody's bought everybody else with low-cost debt. Everybody's maximized their margin," he said."They've bought all their shares back ... There's nothing there. Every industry has about three players. Elizabeth Warren is right."

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Lol

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 729. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Market surge off low is getting tapped out, Bryn Mawr's Jeff Mills warnsTurbocharged stimulus measures aren't enough to keep the market rally going, Bryn Mawr's Jeff Mills suggests (via TradingNation) TradingNation TradingNation Awwww what does Jim think?
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Bill Ackman's 'blank check' company is looking to raise $6.45 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I can’t wait until he buys my Sanitation-as-a-Service robo-taxi cleaning company. We’re pre-revenue but taking deposits now Stonks only go up! inverselogic wallstreet MondayVibes Great! Which company’s shares are up for ‘attempted’ manipulation, next?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »