Orum: ESG and impact funds undermine their mission with egregious fee loads
Bill Orem · William Orum – Mission-Aligned Allocation at Capricorn (Climate Solutions EP.2, Capital Allocators EP.301) · Mar 13, 2023 · at 56:53
Bill Orum, partner at Capricorn Investment Group, shares his main investment pet peeve regarding misalignment in impact fund structures.
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“I think the impact space and ESG has done itself a disservice in how it prices its product. So you have these people that are trying to really have exceptional impact, and then they show up to talk to us and their fee load is egregious. And they don't quite understand the incongruence between those two things.”
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