Leading Hedge Fund Manager Moves into SRI - The Minute
Paul Tudor Jones, founder of Tudor Investment, an $11 billion asset management and investment firm, is moving into the socially responsible investment field. The vehicle is JUST Capital, a nonprofit organization that is developing a measure called America’s Most Just Index.
That’s a rating that ranks Russell 1000 Index companies on how they treat their employees, consumers, communities, shareholders, and the environment, reports Bloomberg. According to Jones, the top-rated group of companies in the Index has significantly outperformed the stock market over time.
The organization ranked companies across items such as fair pay, quality of benefits, workplace treatment, customer satisfaction, ethics, supply chain standards, and environmental performance. This month, JUST Capital will release scores for 900 of the largest publicly traded companies in the US.
I’m John Howell for 3BL Media.
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