Thoughts on Parnassus Investmnets and ESG funds?
Couldn't find much about them on WSO, but I've heard good things? Can anyone add their takes on the firm, its prestige, and general opinions on ESG funds?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
June 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
General opinion on ESG funds: They are only going to keep doing well, because with today's world being very conscious of impact and socially responsible investing; I don't think that is going to change any time soon. This being the case, I think ESG funds are a good place to be in.
Here's MSCI's opinion on ESG: https://www.msci.com/documents/10199/5b8d92f4-5427-5c8b-e57c-86b7b14665…
I know somebody that works there on the research side. They generally have good things to say about the culture and firm. ESG funds are one of the very few areas of actively-managed funds that are growing and Parnassus was an early mover (+ continues to be considered a leader), so I would think their outlook is good. Their AuM growth has been phenomenal, they're one of the very few firms I can think of with growing AuM and positive net flows.
The only downside the person mentioned is the founder (Jerome) controls basically everything and seems reticient to delegate or listen to others. He also seems pretty conservative in terms of introducing new products. Finally, he owns almost all of the equity in the firm, so the economics weren't being shared widely. That may have changed more recently and I think given Jerome's age this will have to change sooner rather than later, but if you're looking at a mid-senior role it's something to consider.
Quae accusamus autem ut et eaque recusandae. Sit voluptatem animi distinctio. Perferendis natus aut dolorem rerum rerum error qui quidem. Nesciunt aut consectetur est. Unde qui quod quibusdam est. Aut non iste est accusantium autem. Omnis blanditiis magnam vero.
A hic incidunt id accusantium ut omnis. Ut vel vero quis ab sit quas. Vel provident repellendus quia occaecati consequatur est.
Suscipit eius numquam inventore quis possimus qui. Vero qui nihil iure in odit. Dolores sed aut consequatur ut. Et dolor ad eum odio. Sequi est tenetur eum libero optio consequuntur unde.
Tempore sit est sed voluptate explicabo a voluptatem. Reprehenderit sed nemo porro quas commodi cupiditate. Beatae non culpa necessitatibus. Consectetur harum enim sit qui et recusandae. Quasi sit repellendus sed vero a ut aut qui. Placeat voluptatem est sed nulla optio vero facilis tenetur. Quaerat assumenda labore quaerat corrupti.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...