ESG Funds

“If you look at like a big level, you know, like Morningstar was site, like two trillion dollars AUM in ESG type funds. And then, you know, the, like a bulk of that is largely in European capital markets, like 80% of that. And then in terms of like subsectors o…”

“And so BlackRock, for example, has hundreds of ESG funds. A lot of them invest you in fossil fuels, an industry which fundamentally cannot exist in a world where we have solved climate change.”

“We launched an ESG fund, and that's a very exciting area, which we, having been pretty cynical about it as an alpha source, we now think actually it's going to be pretty alpha rich.”