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Giving credit to ESG analysis

Home / Spectrum / Giving credit to ESG analysis

Mitch Reznick, Co-Head of Credit and Head of Credit Research
18 November 2014
Credit

Should a credit fund manager, who has no proxy voting rights and therefore limited influence, care about whether a company is doing the right thing? After all, their chief fiduciary responsibility is to outperform for clients, and environmental, social and governance (ESG) risks can be seen as secondary considerations.

We have learned, however, that astutely pricing-in ESG factors can be vital in achieving a more comprehensive view of the risks of investing in debt instruments and also in identifying opportunities. Far from being peripheral, ESG risks should be at the core of investment decisions.

Find out more in the latest issue of Spectrum, our global credit newsletter.

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Mitch Reznick Co-Head of Credit and Head of Credit Research Mitch joined Hermes in February 2010 as head of research on the Hermes Credit team. Prior to this he was co-head of credit research for the global credit and hybrids team at Fortis Investments. Other roles at Fortis included portfolio manager of European high yield funds, based in London, and senior credit analyst, based in Paris. Before this he worked as an associate analyst in the leveraged finance group at Moody’s Investors Service in New York. Mitch earned a Master’s degree in International Affairs at Columbia University in New York City and a Bachelor’s degree in History at Pitzer College, one of the Claremont Colleges in California. He is a CFA charterholder.
Read all articles by Mitch Reznick

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