London, August 8, 2012 - Sustainable investment
pioneer and GLOBE 2012 Speaker Matthew Kiernan (pictured left) has
teamed up with fellow GLOBE 2012 Speaker Paul Clements-Hunt, the
former head of the UN Environment Programme's Finance Initiative,
to help raise money from wealthy families in the 'BRIC'
Kiernan founded asset management firm Inflection Point Capital
Management (IPCM) in 2010 after selling Innovest Strategic Value
Advisers - the investment research firm he established in 1994 that
specialised in environmental, social and governance issues - to
RiskMetrics for $16 million.
IPCM is now opening its sustainable equities fund to outside
investment after outperforming its The firm will initially
target wealthy individuals, family offices and foundations in
Brazil, Russia, India and China. Kiernan explained that without a
three-year track record, institutional investors are unlikely to
commit to the fund, but family offices are more open to newer, more
Meanwhile, the new generation of ultra-wealthy BRIC
entrepreneurs are concerned about environmental and sustainability
issues, he said, and generally do not share the prejudices about
sustainable investing that western investors hold.
"We know that high net-worth individuals are four or five times
more predisposed to the sustainability message," Kiernan said,
based on his previous experience of launching an emerging markets
sustainability fund in 2004.
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At GLOBE 2012, Mathew Kiernan spoke at a session
on Sustained Growth and Sustainability: Re-engineering the
Economic Model, which was moderated by Paul Clements-Hunt. This
session explored new ecological economic models that are
filtering into traditional ways of doing business, and how business
and finance leaders, policy-makers, and regulators must work
together towards this new economic model.