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Do-goodism? Fad? Bridgewater Associates and CT s state treasurer commit to sustainable investing
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Carsten Stendevad is co-chief investment officer for sustainability at Bridgewater AssociatesContributed photo /Bridgewater AssociatesShow MoreShow Less
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Ray Dalio, founder and co-chief investment officer of Bridgewater Associates.Ng Han Guan / Associated PressShow MoreShow Less
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For a number of Connecticut’s leading investors, evaluating their portfolios’ performance involves much more than just calculating the monetary return on investment.
Officials at Westport-based Bridgewater Associates, the world’s largest hedge fund, and state Treasurer Shawn Wooden are among those who have responded to clients’ and constituents’ concerns by taking a more holistic approach to deploying capital. They reflect the growing number of companies and government agencies that are scrutinizing their investments’ societal and environmental impact a shif
CPPIB re-assessing post-Covid real asset risk
The impact of the pandemic has led the Canadian pension fund to consider previously under-appreciated risks of some infrastructure and energy assets.
The Covid-19 pandemic has raised the effective risk characteristics of previously stable assets such as property and infrastructure, and is leading the Canada Pension Plan Investment Board (CPPIB) to reassess the risks involved in real asset investment, according to Suyi Kim, Asia head for the fund.
Investment in airports and mid-stream oil and gas facilities has already come under scrutiny by asset owners as the global pandemic impacts demand for travel and energy, but other infrastructure assets are also feeling the strain. Global toll road collections fell by up to 85% in the early stages of the pandemic, according to S&P Ratings.