Newsletter

ESG / Sustainability

CalPERS joins Norway and APG in climate change asset allocation research project
(Source: Responsible Investor) The $200.9bn (€138bn) California Public Employees’ Retirement System (CalPERS) has joined with the Norwegian Government Pension Fund, APG Asset Management, the wholly-owned fund manager of the €180bn Dutch ABP civil servants pension fund, and Mercer, the global investment consulting firm, on a research project examining the implications of climate change on institutional investment allocation.

How would Jesus invest?
(Source: American Public Media – Market Place) Today, a company called FaithShares launched two new religion-based Exchange Traded Funds that will invest in Wall Street companies. An ETF is basically a basket of stocks. The Baptist Values Fund and the Lutheran Values Fund join a line up of ETF’s that also target Catholics, Methodists and Christians in general.

Goldman Sachs Announces Changes To 2009 Compensation Program
(Source: Goldman Sachs) The Goldman Sachs Group, Inc. (NYSE: GS) has announced that its Board of Directors has approved changes to compensation for 2009.  They include the following…

Sovereign Wealth Funds

Soured investments to keep sovereign funds wary in 2010
(Source: MoneyControl.com) The fallout from the global credit crisis is changing, or perhaps correcting, the perception that sovereign wealth funds (SWFs) or state-owned investors will always patiently ride out paper losses on their investment.

Abu Dhabi Fund Seeks to End Citigroup Share Purchase
(Source: Bloomberg.com)  The Abu Dhabi Investment Authority is trying to abort an agreement to buy $7.5 billion of Citigroup Inc. stock at eight times today’s price, saying the bank misled it about the investment.

Sovereign wealth seeks bigger slice of buyout pie
(Source: Reuters UK)  Cash-rich sovereign wealth funds are seeking a larger role in private equity deals and want to cultivate special relationships with buyout houses as they become influential cornerstone investors in their funds.

Visit INSIGHTS-edge to get the most up to date information.

Contents © 2009
All Rights Reserved

Copyrights for other providers are
noted where appropriate.
Please credit the source if quoted.

CalPERS Seeks Federal Support for Shareowner Corporate Governance Push
(Source: CalPERS)  The California Public Employees’ Retirement System (CalPERS) today asked federal lawmakers to support shareowner efforts to improve the governance practices of America’s public companies.

Justices reject state pension case
(Source: Journal Gazette)  Three Indiana pensions will lose $6 million after the Supreme Court refused Monday to hear Indiana’s protest about Chrysler’s bankruptcy.

Watching the Watchers

CRD Analytics
Headquarters: New York, NY

Key Associations:  NASDAQ OMX Group, Global Change Associates, Bloomberg, FactSet, Brennan Investment Partners, SeaCrest Investment Management, Governance & Accountability Institute

Overview / Mission: 
CRD Analytics makes sustainability investable by being the leading provider of independent sustainability investment analytics.  Using its proprietary SmartView™ Technology Platform, CRD Analytics empowers its clients with actionable and performance-driven information distilled from large sets of complex financial, environmental, social and governance data.

Background: 
CRD Analytics was founded by Max Carey and Michael Muyot to meet the critical need of Investment Funds to perform. Today, investment managers have more information at their disposal than ever before.  And with the emergence of sustainability, the wealth of information will only expand as investment managers are forced, from a fiduciary standpoint, to consider all forms of risk, a task which now includes environmental, social and governance (ESG) risk factors.  The lack of standardized reporting guidelines for ESG filings further complicates the evolution by rendering the base information too cumbersome and inconsistent to interpret on its own. 

CRD Analytics was founded to empower its clients with actionable and performance-driven information that enables them to easily and quickly analyze, benchmark, rate and rank companies based on the most holistic and all-inclusive perspective available, including environmental, social, governance and financial metrics.

Governance & Accountability Institute is a monitoring, intelligence-gathering and knowledge management center operating at the intersections of powerful forces reshaping relationship between stockholders and stakeholders, and the public corporation. For more information, contact us at 516.248.2383 or info@ga-institute.com.