The hedge fund, co-founded by British financier Paul Marshall, will rely on external analysts who focus on environmental, social and governance issues, the source said on Saturday.
The fund will bet against stocks with poor ratings and will buy stocks with strong ESG characteristics, the source added, confirming an earlier Financial Times report. Marshall Wace, which has a total of around $45 billion in assets, will include the new fund in its $19 billion computer-driven TOPS trading system, the source told Reuters.
This system analyses ‘buy’ or ‘sell’ recommendations from about a thousand analysts at banks and research houses to come up with trading signals.Reporting by Kanishka Singh in Bengaluru; Editing by Alexander Smith
The oil glut gives us such an opportunity to turn to MORE renewables, more resources not a threat to the environment. Oil companies could get in on it; some smart ones have.
He's changed his ways since Pulp Fiction
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