ESG - are there any LO asset managers that do NOT focus on it?
It seems like a majority of long-only open letter from 21 state AG's to dozens of asset managers) and retail investors who want ESG nowhere near their investment accounts. At a personal level, I got into the industry because I enjoy researching industries / businesses and making fundamental investment decisions based on these insights in conjunction with work, etc. In my industry coverage area, ESG hasn't really inhibited my ability to invest in any company I determine to be attractive for our funds, but it does take quite a bit of time and focus away from me (and my PM's) which could be better allocated to meeting with management teams / industry calls / data analysis / portfolio discussions and so on - in other words, stuff that if executed well should drive outperformance vs. . In case it isn't clear, I do not believe that incorporating ESG factors matters for fund performance (a whole separate topic, happy to discuss it in the comment section). Thus, the question noted above - if I wanted to stay in long-only asset management (equity or FI) but avoid firms that have drank the ESG kool-aid, what do my options look like?some part of their fundamental investing process. If certain clients want that, so be it, but I think there's a sizable contingent of institutional investors (e.g. public pensions in certain U.S. states - see the 3/30/23