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NewAlpha Asset Management

PRI reporting framework 2020

You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes

Outputs and outcomes

SAM 08. Percentage of externally managed assets managed by PRI signatories (Private)


SAM 09. Examples of ESG issues in selection, appointment and monitoring processes

09.1. Provide examples of how ESG issues have been addressed in the manager selection, appointment and/or monitoring process for your organisation during the reporting year.

Topic or issue
          Governance issue: lack of transparency regarding alignment of interests and potential conflict of interests
        
Conducted by
Asset class
Scope and process

In 2019, we analyzed a potential investment in a fund managed by a Frankfurt-based asset manager. During the selection process, we identified a red flag. They stated they don’t have a voting policy and no willingness to exercise their voting rights, as they consider themselves too small as an emerging manager.

This practice is not being aligned with ours and proved to be blocking during the Due Diligence.

Outcomes

NewAlpha decided not to invest in the firm.

09.2. Additional information.


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