George Raine Shares Insight Into ESG Efforts in Asset Management

In The News
March 8, 2023

As Republicans try to block Americans’ access to ESG investments, money managers have been quietly building out their offering of such products. For US managers, the number of ESG funds was up 12%.

In Bloomberg Law, asset management partner George Raine characterizes the backlash against ESG from Republicans as “a clarifying experience.” It’s “prompting asset managers to not over-promise,” he said.

George noted that some asset managers “got over their skis” and are “tapping the breaks to make sure they’re not overstating what they do.”