New York-based Mariner Investment Group is one of the few U.S. hedge funds to adopt the United Nations-backed principles for responsible investment.
The firm, which became a signatory of the PRI as of August 22, announced in a statement that it has begun to incorporate environmental, social and governance research, ratings and screening tools into its decision-making processes.
The PRI initiative aims to have a global network of investors work together to put the six Principles for Responsible Investment into practice.
Mariner CEO Bracebridge Young added in the statement that “adhering to these principles and incorporating them into [the firm’s] investment decision-making processes will enable [Mariner] to achieve better risk-adjusted returns [for investors] over the longer-term.”
Founded in 1992, Mariner’s global offices which include locations in Boston, London and Tokyo manages approximately $10 billion in assets.