Abel Noser Solutions, a leading provider of multi-asset trade analytics, compliance, and consulting services to the institutional investment community, recently announced a collaboration with OWL ESG, a Santa Monica-based data and analytics firm, to launch a new ESG oversight and measurement service.

The distinctive feature of the quantitative solution is that it enables asset owners to simply and completely evaluate their investment holdings concerning ESG goals or mandates.

Steve Glass, Co-CEO of Abel Noser and the head of Zeno AN Solutions, the company’s division that focuses on the needs of asset owner clients, said: 

"Asset owners need simple oversight tools that employ a top-down approach to help monitor their managers’ ESG practices efficiently and cost-effectively.

Regardless of whether a fund supports or prohibits ESG ideals, asset owners should have the ability to ensure that manager ESG practices are consistent with their representations and fund policies. It’s also important to recognise that if markets pump up ESG stocks or penalise non-ESG stocks, the performance impact can be real – regardless of one’s personal or institutional views about the concept.”

 Ben Webster, CEO of OWL ESG, said: 

"We are excited to be in partnership with Abel Noser to provide a customised consensus score and rating approach to ESG oversight.

Our quantitative process of aggregating multiple data sources solves the historical obstacle practitioners faced when trying to use ESG rating agencies with very disparate assessments. This collaboration couples our ESG consensus score ratings with Abel Noser client datasets to uniquely help asset owners and managers digest how their ESG holdings and trading decisions are trending across portfolios and time. We believe that taking the subjectivity out of the ESG analysis equation will spur valuable dialogue between asset owners and their managers.”

Brian Greene, SVP at Abel Noser Solutions, said: 

"For asset owners and compliance teams, in particular, Abel Noser’s ESG oversight service is ideal since it flags potential issues that can be subsequently followed up on with a specific fund manager.

Investment managers, particularly active managers, should be ideally positioned to respond in an informed manner since, by definition, they have a clear view of the companies they choose to hold in their portfolios. In our view, this offering provides a straightforward ‘ESG best practice’ opportunity that could contribute to any healthy partnership between asset owners and their managers, as well as assist in board oversight discussions.”

Source: GlobeNewswire

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