How should asset managers respond to client preferences for "Sustainability" and "Impact"?
Investment clients frequently ask asset managers about Environmental, Social and Governance (ESG) matters. News articles, opinion makers and regulators offer clients a steady stream of commentary on ESG. Many clients now ask to steer their investments toward "sustainability" and "impact."
How should asset managers respond to these client preferences? What metrics should asset managers use? How can asset managers demonstrate adherence to their client's ESG wishes? What risks should they be discussing with their clients around sustainability and impact?
The Chicago Booth Alumni Finance Roundtable has gathered a panel of asset management practitioners who regularly grapple with these issues. They will discuss their client experiences and offer their thoughts on how best to navigate the thicket of issues involved in ESG, Sustainability and Impact investing.
Please join us for a lively discussion of this timely and important topic.
$15 (includes one beverage ticket)
Guy Lakonishok (Panelist) '09
Partner and Portfolio Manager, LSV Asset Management
Guy Lakonishok leads research and portfolio construction for LSV Asset Management. LSV Asset Management specializes in value equity management for institutional investors around the world. LSV currently manages approximately $92 billion in value equity portfolios for approximately 350 clients.
In earlier roles, Guy served investment clients at BlackRock and Weiss, Peck and Greer Investments.
Liz Michaels (Panelist) '06
Co-Head, Aperio Group, LLC
Liz Michaels is co-head of Aperio (part of BlackRock), where she also led Environmental, Social, and Governance (ESG) efforts and serves as an Executive in Residence at the Rustandy Center for Social Sector Innovation of Chicago Booth.
Before Aperio, Michaels led the $11 billion defined contribution managed accounts business at Ibbotson Associates, Inc., a wholly owned subsidiary of Morningstar, Inc. Previously, she was Chief Operating Officer of Morningstar, president of Jellyvision, Inc., an interactive firm known for its game You Don't Know Jack™, and associate dean/director of the Career Advising and Planning Services office at the University of Chicago.
Ibrahim Rashid (Panelist)
ESG Research Analyst, Marquette Associates
Ibrahim Rashid is a research analyst for Marquette Associates and joined the firm in 2022. He is responsible for conducting due diligence on sustainable investment products and managers as well as developing macroeconomic and capital markets research. He is a member of Marquette's sustainable investing group.
Prior to joining Marquette, Ibrahim held various internships in the impact and ESG investing industry, including at IFF, Refugee Investment Network, NEPC, and the I-Care Foundation. He previously worked in the international development sector supporting the U.S. government on energy, land reform, food security, and nutrition assistance initiatives with John Snow, Inc., and Social Impact.
Ibrahim holds a Master's in Public Policy with a certificate in municipal finance from the University of Chicago Harris School of Public Policy and a B.A. in international relations from the Pardee School of Global Studies at Boston University.
He is a contributor with ImpactAlpha, an impact investing publication, and was named one of their Top 10 Voices That Moved the Conversation in 2021 for his writing on disability justice. In addition, he is the founder of the Strong Haulers, a digital health tool for people with chronic and post-viral illnesses such as Long COVID.
Chris Wheat (Moderator) '10
Executive Director and Adjunct Associate Professor of Strategy, George J. Stigler Center for the Study of the Economy & the State, Chicago Booth
Chris Wheat is the executive director of the Stigler Center. Chris joined the Center from the Natural Resources Defense Council, where he served as Strategy and City Engagement director for the American Cities Climate Challenge. Before the Council, Wheat held several positions in the Office of Chicago Mayor Rahm Emanuel, including Chief Sustainability Officer and Policy Chief. A native of Little Rock, Arkansas, Chris has a BA from Washington University in St. Louis and an MBA from Chicago Booth.