Environmentally conscious hedge funds rise


A new report says sustainable and responsible investing accounts for $5.3 billion of all hedge fund assets.

The assets of hedge funds that use environmental, social and corporate governance (ESG)  criteria in making investment decisions continue to grow, according to a new report from the Forum for Sustainable and Responsible Investment.

At least 39 hedge funds managing $5.3 billion use ESG criteria in their investments. Most of that, $4 billion, is related to environmental investing themes, according to the report. Last year, the group identified 47 funds managing $2.6 billion. It was not immediately clear who the 39 hedge funds were. In 2011, they included such well known