In response to a growing demand for practical, actionable information, HWW has undertaken a dramatic expansion of our work. We have organized four workstreams anchored around four central themes:Climate Change & Climate Justice Gender, Diversity & Inclusion
Place Based Investing Portfolio Construction
Each workstream will consist of four virtual events. Like our symposium, these smaller, more intimate, conversations will be highly curated to offer the highest value, synergy and networking among participants.
Climate Change and Climate Justice
Transitioning to a just, clean energyIn this workstream we will review the state of the current investment landscape, including stranded asset risk and fossil fuel infrastructure and consider the economic impact of energy markets on the clean energy transition. We will identify investment opportunities using the project drawdown framework and explore how to achieve a profitable and just transition to a green economy. We will explore the new models of capital and investment that are helping enrich and empower poor and disenfranchised communities.
September 22, 2020 from 11:00 am - 12:30 pm EST
Structural shifts in the energy sector have drastic impacts on its current infrastructure, revenue models and consumer markets. How will this shake up in energy markets impact the renewable energy transition? We will examine these economic shifts and what it means for asset owners, managers and fiduciaries.
Rob Day, Spring Lane Capital
Amy Jaffee, Council on Foreign Relations
Kathleen Kelley, Queen Anne’s Gate Capital
Albert Lee, University of California
Michelle Levinson, The Cadmus Group
What is the project drawdown framework and how can it add value to investors? How can investors put capital to work in the places that most need it?
How can we build a resilient, regenerative, and more just economy? In the process, how can we defend communities against greenwashing? In the wake of COVID -19, how are communities and economies coming back on-line. What are the implications of climate change on the labor movement? Do climate-forward strategies inherently contribute to a just economy? How can investors dually integrate climate justice and resiliency into their allocations?
Gender, Diversity and Inclusion
Investing in the power of differenceStudies show that diverse teams and businesses outperform, yet investors and businesses still struggle to achieve diversity. We will feature case studies and discuss successful diversity solutions as well as investment strategies that see investment in women and underrepresented minorities as a source of alpha and differentiated returns and discuss the value of diversity in different businesses, and in technology and innovation. What steps can investors take to better address the pipeline problem? What effective strategies will help identify and promote diverse talent?
Studies show that emerging managers often deliver superior, risk-adjusted returns but these investors have traditionally had limited access to capital. In this session we will discuss investments from the fiduciary perspective of the asset allocators who work to outperform the broader indices through truly unique investment opportunities with these emerging managers they fund. We will:
- Explore why emerging managers may outperform the broader investment manager indices. Identify ways to source, access and structure investments in emerging managers. Identify ways for institutional managers to build and operate successful emerging manager programs.
Nicole Douillet, Alti
How does difference drive productivity and change?
Lorine Pendleton, Portfolia
Women and minorities are disproportionately negatively affected by the crisis. How can impact investment help insure we build healthy economies for everyone?
Place Based Investing
This working session will map the place based investment landscape from public to private markets, in emerging and developing economies, high risk, high return assets to low-risk government and municipal issuances. How can investors best position their capital to achieve their investment objectives? From job creation to climate change mitigation, from real estate to venture capital, place based investments cover the gamut of investment strategies and asset classes. How are these opportunities being impacted by COVID-19? Will investing in place become more meaningful or will capital pull out of urban economies and/or illiquid opportunities? Is impact investment well positioned to step into the breach for communities that have lost lives, jobs, and investment dollars? Can we ask more of our local institutional investors?
Using the island of Maui and the state of Hawaii as a case study, this session will discuss the challenges and opportunities of investing in a certain community. We will highlight successful, and some unsuccessful, models of community investment. What are the rights and obligations of institutional investors to adhere to community values and needs? How can communities attract outside capital and ensure this capital respects their values while earning attractive returns? These urgent needs have become even more important in light of COVID-19 as the island state relies on tourism and desperately needs alternative revenue sources. In addition, how can Hawaii position itself as a leader on the just transition to a clean economy and address it’s food insecurity? The lessons learned in Maui have applications for communities all across the U.S. and world-wide.
In recent decades rural communities have disproportionately suffered from poverty, under investment and urban migration. The digital infrastructure gap, high-energy costs, and food insecurity hit them harder. Yet they also offer great potential for scalable investment and innovation, from developing digital learning and communications to establishing new, regenerative food systems. This session will explore rural place based investment around the world, including lessons learned in developing markets that can be applied to rural communities in the developed world.
Learnings from COVID -19. This session will take a deep dive into the greater metropolitan areas of New York City and Chicago. We will explore how place based investment, including public-private partnerships, real estate, and lending, have worked in the community. How have those investments functioned in response to COVID-19? What does the city need going forward, and how impact capital can respond to those needs?
Impact Investment Portfolio Construction
August 5, 2020 from 11:00 am - 12:30 pm EST
In this session we will review methods of embedding impact across the entire portfolio. We will examine the impacts of COVID on alternative assets: How has asset allocation changed? What are the new challenges and solutions, across different investment and geographic markets? What are some of the headwinds if the crisis extends? We will also consider whether or not indexing is living up to the promise of being both a solution and a problem for impact investment? With the loosely defined criteria in many ESG indices, how can we resolve the widespread concern of greenwashing?
Betty T. Yee, California State Controller
Patience Marime-Ball, Women of the World Endowment
Ruth Shaber, M.D., Tara Health Foundation
Robert Boogard, PCG Investments
In this session we will review the growing interest in ESG factors, particularly for European leveraged finance investors. How are ESG factors being incorporated into mainstream investment mandates and how do we evaluate their impact on borrowers’ performance? What are some of the challenges around scaling up the green securitization markets?
Despite the proliferation of data and services, impact measurement remains a challenge affecting adoption and growth. What are successful impact measurement solutions?
Investment approaches that work to share the wealth and offer innovative solutions to social, environmental problems. From municipal debt to private equity. Can blended capital approaches offer a solution?