Redpoint awarded SRI mandate from JANA

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MEDIA RELEASE: Redpoint Investment Management, a GSFM fund manager partner, has been awarded a $50 million Socially Responsible Investing (SRI) mandate within investment adviser JANA’s SRI Australian Share Trust. 

According to Redpoint chief executive and senior portfolio manager, Max Cappetta, the mandate validates the quantitative-led manager’s strong focus on sustainability and ESG, which includes the development of a proprietary framework.

“The incorporation of sustainability issues in equity portfolios has always been a key capability with Redpoint and is increasingly in demand by our clients. We are proud to support JANA’s development of responsible investment solutions for their clients. 

“Redpoint’s approach has always been to assist clients to express their principled positions via their investments. Excluding companies from investment on sustainability grounds introduces risk which must be managed while also allowing for value add through stock selection when the excluded capital is reinvested across other companies.

“We are aligned with our client’s demand to invest for good and see it as our mission to assist this transition by providing well-structured investment solutions,” he said.

The JANA SRI Australian Share Trust invests in an SRI manner and aims to exclude investments in companies with meaningful exposure to activities including manufacture of controversial weapons, production of alcohol and tobacco, gambling operation or manufacture and extraction of carbon intensive fossil fuels.  

GSFM chief executive Damien McIntyre said the ongoing economic, social and health impacts of COVID-19 globally have reinforced the desire of many investors to consider investments with particular regard to SRI. 

“Across our suite of fund managers, there is a notable increase in investors demanding sustainability be embedded throughout their investments. 

“Redpoint has a deep, underlying commitment to sustainability across all of its strategies, and this mandate will assist with achieving its financial and societal expectations,” he said.