Ex ATP CEO to spearhead the world’s biggest hedge fund's green fund push

Bridgewater Associates, the world’s biggest hedge fund, is starting a sustainability strategy, the latest money manager to tap into surging demand for socially and environmentally conscious investing.

New York-based Bridgewater Associates senior investment executive and former CEO at Danish pension fund ATP Carsten Stendevad. | Photo: Stine Bidstrup/ERH

New York-based Bridgewater Associates, which oversees USD 140 billion of assets, plans to open two sustainable funds in 2021.

Bridgewater started advising clients this year on how to manage investments to meet both societal and financial goals. The effort is being overseen by senior investment executive and former CEO at Danish pension fund ATP Carsten Stendevad, Chief Operating Officer Brian Kreiter and Karen Karniol-Tambour, director of investment research.

"There are big shifts afoot in the industry where we’re seeing an expansion of investment objectives from risk and return to including impact," Stendevad said in a telephone interview. "Sustainable investing is the top strategic agenda in the industry."

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