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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
Private Debt Fund
During the year, UMR investment team has met a Tier 1 asset manager in order to have a presentation about its private debt fund. The presentation did not mention ESG and answers given in the DDQ were judged too weak since the company was just starting implementing extra financial analysis.
Since the asset manager has been judged too weak on ESG criteria, UMR investment team has decided not to invest in the fund but keep that manager in its watchlist. The decision could be reviewed in the future if the company demonstrates a real improvement on those aspects.