Bitsor
Our value
Modularity integrates environmental, social and governance factors related to macro investing into our activities.responsible investment
As a signatory to the United Nations Principles for Responsible
Investment, we incorporate appropriate environmental, social and governance (ESG) considerations into
the decisions we make.
We strive to adopt an approach that is relevant to the macro investment
context, while working with our industry to build consensus around what we define as macro hedge fund
ESG best practice.
ESG integration
We believe that consideration of material ESG risk factors in the investment decision-making process is an increasingly important part of our fiduciary duty to clients. International capital flows are increasingly influenced by broader ESG considerations, so understanding this dynamic can provide insight into macroeconomic models and help us identify possible winners and losers in international capital allocation.our way
Our approach has several main pillars
1. Proprietary ESG sovereign risk model
We believe that consideration of material ESG
risk factors in the investment decision-making process is an increasingly
important part of our fiduciary duty to clients. International capital flows are
increasingly influenced by broader ESG considerations, so understanding this
dynamic can provide insight into macroeconomic models and help us identify
possible winners and losers in international capital allocation.
1. investment filter
We believe that certain industries and
activities are not in line with the United Nations Sustainable Development
Goals. These include the irresponsible promotion and development of coal-fired
power generation, the controversial arms trade, tobacco, human trafficking and
irresponsible palm oil production. We maintain lists of issuers that participate
in such activities and allow portfolio managers to take net short positions in
these issuers. We believe that allowing net short positions sends a stronger
market signal than simply avoiding net short positions. For other issuers, our
portfolio managers follow an assessment process to ensure that ESG credentials
are reviewed and considered when we invest in issuers for the first time.
1. Management, Engagement and Advocacy
Hedge funds such as Modular have limited
leverage in terms of meaningful engagement with the governments of the countries
where we deploy our capital. On the other hand, we are valued clients of our
funds' banks, brokers and other service providers. So we have the ability to
hold those service providers accountable. We will focus the majority of our
engagement on these service providers, as we believe working with them can be
transformative and raise awareness of the importance of ESG factors in our key
business allocation decisions
Diversity and Inclusion
Modular seeks out the best talent for its teams, regardless of
nationality, race, gender, religion, sexual orientation, age or disability. We believe in the value of
diverse perspectives and strive to create an environment where all employees can thrive.
We adhere to the Singapore Tripartite Code of Fair Employment Practices
and have signed the Employer Fair Employment Practices Pledge.
Bitsor Risk Warning: Trading financial products on margin carries high
risks and is not suitable for all investors. Please ensure you fully understand the risks and take
appropriate care to manage your risks
Disclaimer: The Contracts for Difference (“CFD”) products and
services offered are not intended for residents of Belgium or any other person or resident of any
country or jurisdiction where such distribution or use would be contrary to local law or regulation
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