Aware Super singles out hedge funds for ESG lag

Australia’s second largest super fund has faulted hedge funds, limitations in third-party ESG reporting, and the lack of hiring diversity for hindering general ESG progress.  “The hedge fund industry has been one of the more challenging sectors from an ESG integration perspective,” Liza McDonald, head of responsible investments at Aware Super, told AsianInvestor. She said that in some cases, it was hard to assess whether there was an ESG strategy in place, how transparent the he…