ESG least important to hedge fund investors, survey shows

first_img“A further factor that contributes to the wide acceptance of carbon intensity and greenhouse gas emissions,” it added, “is that they are quantifiable and clearly defined, making tracking and implementing policies easier than for other ESG criteria.”Private equity investors appeared most convinced of the importance of ESG, as only 12% of respondents said the matter was not considered when appointing a manager within the asset class.The approach to ESG by infrastructure and real estate managers was also important to investors, with 22% and 27% saying it was a significant factor when appointing managers – in stark contrast to the view of those appointing hedge funds, where only 7% said it was a matter of significant concern.Among hedge fund investors, more than one-third said they did not consider ESG at all, twice the number that said it was immaterial when investing in property.The survey is the second in a number of months to show the private equity market increasingly viewing ESG as a core concern.Tycho Sneyers, chairman of the ESG committee at LGT Capital Partners, argued that the survey results showed how ESG had moved “beyond ethical concerns” and found its place as a risk and investment-management topic. The overwhelming majority of asset owners consider environmental, social and governance (ESG) concerns important when selecting private equity, property or infrastructure managers – with such concerns the least important within the hedge fund sector, according to a new survey.The global survey, covering nearly 100 respondents including pension schemes and sovereign wealth funds, found that three-quarters considered ESG when making investment decisions, and that 57% perceived ESG factors as improving risk-adjusted returns.Conducted by Mercer and LGT Capital Partners, the survey also found that greenhouse gas emissions were viewed as the most important environmental issue, closely followed by water scarcity.The survey noted that initiatives, such as the Montreal Carbon Pledge, were seeing institutions demonstrate a greater interest in managing climate-related risks.last_img read more

No toilet, no kitchen, already landing offers

first_img“I think developers or builders that are willing to refurbish the whole thing will be interested. It’s a prime location. It’s definitely a ‘renovator’s delight’,” Ms Ball said.“Land is so hard to come by in good locations like this.”The two bedroom, single bathroom, single car space property was expected to be open for inspection at 11am this Saturday August 18, has been set to go under the hammer at 10am on Friday September 7. The property has got “location, location, location” down pat.“All that has been removed,” she said of the kitchen, toilet and such fittings.Still, potential buyers have not been able to resist the opportunity of landing a fixer-upper in one of Queensland’s most coveted blue chip locations.It’s that prime location which is the biggest feather in its cap heading into auction in four weeks’ time on Friday September 7 — and generated an offer just hours after listing. The house (red roof) is directly across the road from Eagle Farm Racecourse. Brisbane defies property downturn Brisbane’s fastest growing suburb tops nation Queensland’s record breaking suburbs More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours agoMs Ball confirmed that the property was already getting purchase enquiries — with a solid offer to purchase outright before auction.“We’ve had five enquiries already and got an offer at the moment. It’s a good offer, it came from a commercial agent.”She said the open home was continuing on Saturday.The home was considered the “ultimate renovation opportunity” by Ms Ball who’s co-listed the property with Dwight Ferguson. The home is on a 405 sqm block.The property is close to both Ascot and Doomben train stations, Eagle Farm and Doomben Racecourses, Hamilton and Ascot State Schools, with private schools such as St Rita’s and St Margaret’s close by.The Brett’s Wharf ferry terminal was at the other end of Racecourse Road, leading to Portside Wharf, restaurants and services such as the weekend Eat Street Markets. FOLLOW SOPHIE FOSTER ON FACEBOOK This two-bedroom house at 247 Lancaster Road, Ascot (red roof), is already generating interest hours after hitting the market.THIS is Brisbane’s ultimate renovator, with no toilet or kitchen, but it’s already landing offers hours after hitting the market. The cottage — located a few doors down the road from the pedestrian entry to Brisbane’s premier Eagle Farm Racecourse — has definitely seen better days but that hasn’t stopped buyers from salivating over the prospect of owning it.They will be able to walk through the property at Saturday’s open home, agent Heidi Ball of Ray White Ascot told The Courier-Mail, but don’t expect to see a kitchen or toilet — and probably stick to the front door — not back. Some traces remain of the original house like ceiling roses. The backyard is flat and ready for what’s to come.The main attraction was the flat and level 405 sqm block and the home itself was a two bedroom cottage with VJ walls and ceiling roses.It was described as “a superb renovation project for those wanting to revive a decorative timber home within the sought-after streets of Ascot”.Realestate.com.au considers the suburb a high-demand market with 635 visits per property compared to the Queensland average of 374 visits.last_img read more

PR queen Fleur Madden puts regal Balmoral home on the market

first_imgFleur Madden with her son, Josiah, at home in Balmoral. Photo: AAP/Ric Frearson.PUBLIC relations queen Fleur Madden is selling the regal Balmoral home she shares with her husband, Jimmy Gwisai.The grand, American-style house at 58 Bilyana Street is impossible to miss given its imposing street presence This property at 58 Bilyana St, Balmoral, is for sale.Madden is the founder and former CEO of Brisbane’s award-winning Red Republic PR company, which boasts clients including Myer, Lorna Jane, Sass & Bide and Westfield.Records show the couple bought the five-bedroom, three-bathroom abode in 2015 for $635,000. The kitchen in the home at 58 Bilyana St, Balmoral.With a light blue front door, gold lighting fixtures and wraparound terraces, the house is like something out of a fairytale.Other features include French Oak floors, antique crystal lights from Italy, traditional mouldings down the hallways, plantation shutters, bespoke curtains and designer wallpapers. The home comes with an epic walk-in wardrobe.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoBut the piece de resistance would have to be the double walk in-robes in the master bedroom.Madden worked hand-in-hand with the architects to design the ultimate wardrobe. Think floor-to-ceiling custom shoe walls, a beauty area and ample storage. The property is being advertised for sale, asking for best offers by February 15. PR Queen Fleur Madden in her walk-in wardrobe. Picture: Jono Searle.last_img read more

Jamaica elected to UNWTO leadership positions

first_img 10 Views   no discussions Share Sharing is caring! Tweet Sharecenter_img Share Tourism Minister Edmnd Bartlett. Image via: nationnews.comKINGSTON, Jamaica — Jamaica’s position as a leader in the global tourism arena has been further bolstered after the destination was elected to serve in several key leadership positions within the United Nations World Tourism Organization (UNWTO) at the weekend. Tourism Minister Edmund Bartlett revealed that “Jamaica has been elected to serve as vice president for the 19th General Assembly of the UNWTO now underway in South Korea and as Jamaica’s representative I will again preside over several sessions of the Assembly. It is an honour for Jamaica to serve in this capacity and our selection further underscores our good standing in the international arena and the confidence our counterparts place in Jamaica as a leader within the tourism industry at the global level.”Bartlett is currently attending the 19th General Assembly, which runs from October 8-14. The minister explained that “Jamaica has previously served as vice president of the General Assembly, with the last occasion being when Jamaica was elected to this post during the 18th session of the General Assembly in Astana, Kazakhstan in October 2009. We look forward to serving in this esteemed role once again.” The tourism minister outlined that Jamaica has also been elected to serve on the Committee of Affiliate Members. Bartlett said, “I am extremely pleased that Jamaica has been elected to serve on the Committee of Affiliate Members as this will give us an opportunity to assist in broadening the membership of the UNWTO internationally. Jamaica is the only member from the Americas region on this global committee and we will use this platform to play our role in increasing wide-scale support for the UNWTO and its policies.”Among the critical meetings in which Bartlett will participate during the General Assembly is the Minister’s Roundtable, the meeting of the Commission for the Americas, as well as the meeting of the UNWTO Executive Council. Jamaica assumed its position on the Executive Council in January 2011 and will remain a member until 2013. Jamaica is one of three representatives of the entire Americas region on the body, which in consultation with the Secretary General deliberates on policies and strategies that affect tourism worldwide before making recommendations to the General Assembly for action.The minister explained that “As a member of the Executive Council, Jamaica will continue to offer strong representation for countries in the Americas and deliberate on tourism issues at the global level. We will also continue our drive to boost UNWTO membership within the region.” Meanwhile, Bartlett also praised The Bahamas which, on being nominated by Jamaica, was elected vice chairman of the Commission for the Americas.Caribbean News Now NewsRegional Jamaica elected to UNWTO leadership positions by: – October 11, 2011last_img read more