Culture The Social Currency of Investing

Class warfare makes for a juicy Hollywood tale, but almost three years after the GameStop trading drama, hedge fund titans still rule.
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Thoma Bravo chief Orlando Bravo once ranked 40th among U.S. junior tennis players. He is now worth an estimated $8 billion.
In their new book, WorldQuant’s Igor Tulchinsky and Christopher E. Mason explore how predictive technology is reshaping everything from markets to medicine.
The decision follows the SEC’s refusal to weigh in on the trillion-dollar market.
Regulators voted Wednesday to approve new rules for asset managers, including private equity firms and hedge funds.
“[ESG] is still a landscape where there’s not a lot of mandatory disclosure, and that has created an opportunity for third-party raters to step in and play an important role in providing information,” says Suhas A. Sridharan, a professor at Emory University.
An increasing percentage of investors are asking PE firms to disclose DEI data about both investment teams and portfolio companies, according to McKinsey.
More than half of top PE firms based in the U.S. don’t disclose any information about their ESG practices, according to a new study.