NEW YORK, June 9, 2020 /PRNewswire/ -- Industry veteran Caroline Abramo, Founder & CIO of Pana LCE, has confirmed the launch of the Pana Low Carbon Economy ("LCE") Platform, providing institutional and private investors access to Pana's proprietary investment process across the ESG landscape. Pana LCE's mission is to provide risk-adjusted absolute returns through targeted investments in businesses that are committed to an LCE. A certified WBE Women's Business Enterprise, Pana LCE adheres to UNPRI, SDG, IFC Impact, GRESB, and SASB certification requirements and principles.
"I started Pana LCE as a manifestation of my life's work," Ms. Abramo said. "Preserving the earth's limited resources demands transitioning capital to an LCE. I've arrived at this conclusion supported by nearly 30 years of research as a commodity trader and investor through cycles including peak oil, the US shale revolution, trade wars, subsidies, and the ever-present uncertainties of weather, geopolitics, and now a global pandemic."
Pana LCE is based in New York City and boasts a full team of research analysts and portfolio managers serving family offices, endowments and global institutions. The Pana LCE team has experience spanning four decades in real asset investments, within their target sectors of agriculture, energy, water, and waste. Anchored by personal capital, Pana LCE expects to soft close at $2B Assets Under Management.
Ms. Abramo states that while investors previously haven't had the data to support the thesis that an ESG portfolio could outperform a multi-asset portfolio exposed to similar sectors, Pana LCE has "proven that altruism and capitalism are not mutually exclusive."
"The ESG investing space has matured considerably since the 2000s, when it was seen as 'nice to have,'" notes Michelle McCloskey, former President of Americas for Man Group and Senior advisor to Pana LCE. "ESG is now being seen more clearly as both an opportunity and a definitive risk if ignored. Altruism or not, ESG investments have the growth potential to be an essential and highly performing element when evaluating all types of securities."
SOURCE Pana LCE