Atlas Impact Partners is launching a new long-short fund. The vehicle will invest in companies developing solutions for environmental and social problems, while betting against the stocks of businesses seen as damaging to the world.
Today. many ESG-oriented mutual funds invest in companies that address environmental or social issues by improving operations. But the Atlas hedge fund goes further by only investing in companies solving society’s big problems. So the focus is on what they produce and not internal processes.
The hedge fund invests in public SMEs with a focus on mitigating climate risks, developing health care solutions for vulnerable populations, or improving education. The fund invests around five themes, including sustainable food systems, the environment, and modernizing infrastructure. Atlas will hold stocks in listed companies in the U.S., Canada, developed Europe, and Israel.
Read more about this story in Institutional Investor.