Richmond Global Compass Capital, LP, the first-ever sustainability focused global multi-asset fund employing machine learning to extract material metrics in Environment, Social, and Governance, is now officially open to outside investment.
A team of experts in international sustainability, global macro investing, data science and risk management with proven track records at firms such as 3G Capital, Verde Fund, Richmond Global Ventures, Endeavor and Goldman Sachs.
“Understanding sustainability as a critical megatrend has become a corporate and national imperative – and investors increasingly want to know which companies and nations are leading the charge to bring ESG factors into their business and sovereign strategies,” observes Yale Professor and RGC Advisor Dan Esty.
“In the last decade, sustainable investing has come a long way. Over the next 30 years, $30 trillion. will be passed down from baby boomers to Generation X to Millennials with 84% of Millennials interested in Environmental, Social and Governance Investments. Unfortunately, existing investment opportunities have not adapted to demand and existing ESG products leave alpha on the table. Compass is dedicated to the positive impact of ESG investments on performance and profitability,” said Founder Peter Kellner.
While most existing ESG strategies are private and single-asset focused or long-only equity funds, Compass seeks to achieve its investment objective by assessing investment and trading opportunities across global asset classes such as equities, credit, currencies, rates and commodities and allocating capital to strategies believed to offer the most attractive risk-adjusted returns.
The Compass Fund Founders’ Shares ended its first year of trading in May 2018, returning 12.95% net against the HFRX HF Index benchmark of 2.88%. Its second fiscal year to date returned 2.78% v. 0.11% for the HFRX HF Index.
It is now officially open to outside investment as a global multi-asset ESG Fund aiming to deliver a new level of return and sustainability benefits.