Man Group implements a a group-wide policy, including GLG Partners, that screens out cluster munitions and anit-personnel mines under a Master List created and maintained by ISS-Ethix. Within this figure, ~35% of the firm's assets (GLG) are managed under mandates by values- and norms-based screen criteria that range from single company exclusions to sector exlcusionsn like tobacco.
For thematic strategies, GLG manages the Virgin Climate Change Fund, an environmental strategy applying a Trustcost-optimized carbon screen for stock selection, was chosen in order to develop an innovation way to crystallize the carbon footprint of a company into a liability with implications on its valuation. Our expectation remains that as the carbon markets mature, the distortions is the market will gradually diminish.
The remaining assets (~40%) which represent a mixture of equity long only, equity long/short and fixed income strategies are managed through ESG integration. That said, these assets are subject to the firm-wide, Ethix-driven exclusion screen around controversial arms and munitions. It is important to highlight, however, that while GLG Partners provides third party data and policy support as well as encourages the promotion of RI modalities and thought leadership within the firm, we do not impose any single, uniform approach to the implementation and integration ESG integration given the diversification of investment strategiers and the varying relevance to RI approaches.