September 15, 2021
The billionaires who are leaving Earth might know something the rest of us don't.
At least, that's one conclusion that could be gleaned from Novus's Hedge Funds & ESG dashboard. Top hedge fund managers have less exposure than the broader market to companies with AAA, AA, A and BBB ratings for environmental, social and governance concerns. They have greater exposure to names rated BB, B and CCC.
We're not saying that hedge fund managers might be squeezing every last dollar out of the planet and investing it in rocket ships to take them to more pristine one, but we understand how one might get that idea.