In the News – Fall 2021

1: FUND MANAGERS FEEL HEAT IN SEC CRACKDOWN OF OVERBLOWN ESG LABELS
With the explosive growth in ESG products in response to consumer demand for sustainable and ethical investments, the Securities & Exchange Commission reviews the criteria companies are using. It is an effort to curtail greenwashing, especially with firms that repackage traditional funds with a green label. Bloomberg

2: HOW ACTIVIST HEDGE FUNDS WENT FROM CORPORATE RAIDERS TO CLIMATE HEROES
A new wave of ESG investors, primarily hedge funds, uses their assets to push for an overhaul of directorships of corporations with a weak focus on long-term social and environmental sustainability. It comes with obstacles, primarily from traditional hedge funds seeking quick and profitable short-term  quarterly earnings. Fast Company

3: EXECUTIVE STOCK SALES ARE UNDER SCRUTINY. HERE’S WHAT REGULATORS ARE INTERESTED IN
Securities regulators are rethinking rules on popular plans that let corporate executives sell stock without violating insider-trading provisions. For example, 10b5-1 plans allow executives to create  schedules for buying and selling shares in the future, but they can modify without disclosure.
Wall Street Journal

4: ENGINE NO. 1 TAKES CLIMATE FIGHT TO OTHER BIG OIL COMPANIES AFTER UNDERDOG WIN AT EXXON
After battling Exxon Mobil for board seats (and winning three) in a historic proxy battle earlier this year, the hedge fund launched an ETF this summer focusing on shareholder engagement.
CNBC

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