Tuesday, December 20, 2011

Zeitgeist: Henderson Global, Hazel Capital Cut Back on 'Socially Responsible' Investing

Along with some of the banks.
From FINalternatives:
Clean-energy and other socially-responsible investing teams are getting the axe all over the world—and hedge funds are no exception.

Henderson Global Investors is the latest to announce that it would cut its SRI team. The firm will continue to run its SRI funds, but it "does not believe that a separate team is necessary to screen potential investments and manage these funds."...MORE