NAIM implements quantitative and systematic strategies with exposure across asset classes. As such, the main driver in analysis of ESG principles is to recognise the impact that the instruments traded (mainly derivatives) would have in their markets. This may include mainly throughout the product development and on-going management of the fund consideration to instruments' liquidity and volatility impact on their market. Furthermore, although NAIM does not currently invest directly into funds or hedge funds, it takes into consideration principles on hedge funds investing (e.g. leverage disclosure, board independence, information sharing, etc.) in the structure of the investment funds it manages.