ESG manager expands to Australia
Environmental, social and governance (ESG) investment firm Promethos Capital is expanding into the Australian and New Zealand markets through a partnership with third party distribution firm 3PD.
The institutional investor operated purely as an ESG manager that offered global, multi-cap equity strategies built around goals such as social justice, gender lens/diversity, and climate resilience. It noted that it was a majority women-owned manager.
Promethos chief investment officer, Ivka Kalus, said: “Our investment process ensures that we stay true to client values while seeking to generate market-beating returns through a disciplined, systematic, high-conviction investment process that targets market inefficiencies.
“Over the last 20 years, I’ve observed the focus of Australian investors on ESG metrics and I believe our investment strategies align to their values.”
3PD co-founder, Robert Harrison, said he was “keen to represent pure play managers” with underserved expertise in the country.
“Clients seeking ESG strategies will be interested in Promethos because until now they have had to use opportunistic hybrids from mega-managers,” he said.
“Promethos’s approach really does reflect client values in ESG and has strong comparative advantages in this space.”
Recommended for you
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.
The financial services technology company has appointed two non-executive directors following its AGM earlier this year, where it flagged it would embark on a board renewal process.
