Critiques are growing of traditional leveraged buyout (LBO) private equity and venture capital models. Average leverage levels in typical private equity investments are at historical highs – putting companies and their stakeholders, such as workers and investors, at risk. In venture capital, the “move fast and break things” and “blitzscaling” approach often does not align […]
We believe systems change requires a systems approach. For investors — both asset managers and asset owners — this means taking concrete steps to rethink how investment decisions are made and how investment vehicles are structured. It also means exploring a number of key issues and questions – for instance: […]
Read More… from Deep Dive into System-Level Investing (part 2)
Acknowledging the complexity inherent in various recommendations, this webinar is designed to offer context, tools, and approaches aimed at helping investors take difficult but important steps towards systems change. Fortunately, we have put together some of the leading thinkers on system-level investing, all in one place, all working together to explore how to refocus the […]
Read More… from Deep Dive into System-Level Investing (part 1)
As global interest rates have steadily declined over the past decades, many investors have sought yield by migrating up the risk-return spectrum. Major central banks’ response to the COVID-19 pandemic – including continued low interest rates and commitments to purchase a wide range of debt securities – perpetuated these asset allocation trends. While such intervention […]
Read More… from Webinar: Dynamics Between Central Banks, Regulators, Investors, and Inequality
ESG disclosure frameworks primarily focus on risks that can materially affect a portfolio company’s financials (“outside-in” risks). But what if a portfolio company engages in risks that threaten the health of real-world environmental, social, and financial systems (“inside-out” risks)? Those systemic risks become non-diversifiable systematic risks to investors, and Modern Portfolio Theory not only lacks […]
Read More… from Webinar on Modern Portfolio Theory, Systematic Risk, and Investment Structures
Do environmental, social, and governance (ESG) and impact investing practices in their current forms provide investors with sufficient tools to play a meaningful role in “Building Back Better” following the COVID-19 crisis? Many investors, including those who identify as “Universal Owners,” often seek to manage ESG risk and opportunity through corporate governance interventions. However, certain […]
Read More… from Webinar on ESG 2.0: Measuring & Managing Investor Risks Beyond the Enterprise-level
Hosted by Rep. Tina Wildberger, panelists Ian Chan Hodges, Imogen Rose-Smith, Delilah Rothenberg, and Jason Ward discussed how pension funds make investment decisions, the connection between unions, workers, beneficiaries, and private equity, how private equity can be restructured so that workers and communities share in more of the gains, and what all this has to […]
Read More… from Connections Between Private Equity & Pension Fund Investment in Hawaii
Thinking about responding to the DOL comment period on its latest proposal challenging ESG integration? Wondering whether your response will make a difference? Debating what arguments may be most effective? The Predistribution Initiative and The Shareholder Commons hosted an interactive and informal discussion featuring an example letter drafted by Jon Lukomnik with input from Keith Johnson. The discussion included […]
Read More… from July 17: Responding to the U.S. Department of Labor Comment Period on ESG