New York (HedgeCo.Net) – Mariner Investment Group, a $10 billion hedge fund manager, has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI) as of August 22, 2013, the WSJ reports.
The United Nations-supported PRI Initiative is an international network of investors working together to publicly demonstrate their commitment to responsible investment, to collaborate and learn with their peers about the financial and investment implications of ESG issues, and to incorporate these factors into their investment decision-making and ownership practices.
Mariner also announced that it has begun to incorporate environmental, social, and governance (ESG) research, ratings, and screening tools developed by MSCI, Inc. , a leading provider of investment decision support tools worldwide, into the investment decision-making processes for one of the firm’s more significant multi-strategy client mandates. Mariner is one of the first alternative asset managers to use MSCI ESG Research and analytics to analyze fixed income and long-short investments.
“We are excited to become a signatory to PRI and consider this an important and appropriate step for our times,” said Bracebridge Young, Mariner’s Chief Executive Officer. “Our investors are increasingly taking into consideration the environmental, social and governance implications of their investments in portfolio allocation. While we’re still in the early days, we believe that adhering to these principles and incorporating them into our investment decision-making processes will enable us to achieve better risk-adjusted returns for our clients over the longer-term.”
Mariner also announced that earlier this summer it began subscribing to MSCI ESG Portfolio Analytics, a tool that enables the firm to integrate MSCI ESG Research’s analyses into its investment decisions for Mariner’s oldest multi-strategy client account. Previously, ESG tools had been primarily used to analyze equity positions, but MSCI ESG Research’s tools will enable Mariner to analyze the ESG characteristics of its fixed income and long-short investments.
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