Alt Investments
What's New In Investments, Funds? - Knights Of Columbus
The latest in funds and investment news from across North America.
Knights of Columbus
Knights of Columbus Asset Advisors has launched a long/short
equity hedge fund designed to reflect values of the Catholic
faith. The investment house is a subsidiary of Knights of
Columbus, a US-based fraternal services organization representing
several million members.
The investment house has rolled out the Catholic Investor
Long/Short Equity Fund as part of a suite of eight fixed income
and equity strategies.
The fund is, the organization said, the “only Catholic long/short
mutual fund in the world, aimed at satisfying the needs of
investors who appreciate ethical values-based investing”. The
fund adheres to the investing principles outlined by the United
States Conference of Catholic Bishops.
To some extent the fund reflects a trend of investments designed
to fit with ethical ideas, as seen also in areas such as Shariah
finance (which typically bans areas where interest is charged on
loans, gambling and alcohol), or ESG investing (heeding concerns
about global warming or use of child labor, for
example).
The fund is based on an investment strategy that was launched in
2014. L2 Asset Management will serve as the sub-advisor on the
fund.
KoCAA is a New Haven-based asset management and investment firm,
with more than $25 billion under management.
