Our next step in our aim to be a responsible investor
Brummer & Partners and Brummer Multi-Strategy (BMS) along with the single strategy funds that BMS invests in, have decided to amend our exclusion criteria.
We are continuously evaluating our responsible investment activities, just like we are evaluating our portfolio of funds, in our strive to build sustainable asset management. That is true both in terms of generating competitive risk adjusted return which over the long term is expected to have low correlation to traditional asset classes like equities or bonds, but also in terms of contributing to sustainable financial markets. We are currently excluding companies that are directly involved in the development, production; maintenance or sale of weapons that are deemed controversial or illegal, such as cluster munitions and anti-personnel mines, or nuclear weapons in relation to the Non-Proliferation Treaty (NPT). As of 1st January 2019, we have decided to also exclude companies involved in nuclear weapons that are allowed according to the NPT.
We have furthermore decided to exclude long positions in securities related to companies that generate more than 5 percent of their revenue from production of thermal coal, or who derives more than 30 percent of their revenue from energy production based on coal. The funds do however have the possibility to short such companies.
Brummer & Partners' and the funds' responsible investment policies will be updated to reflect the amendments stated above.
Read more about Brummer & Partners’ work with responsible investments here.