Putting the Good in Greed

Putting the Good in Greed

By: Adam Satariano

Source: Bloomberg 

Last April, two months after being named the first global head for impact investing at BlackRock, Deborah Winshel flew to San Francisco to meet with Ryan LaFond, a hedge fund manager at the firm. LaFond and a team of researchers had spent two years studying whether algorithms used to predict fluctuations in the stock market could also spot a company whose business is doing good. Identifying responsible corporate citizens was part of the reason Winshel left her job as president of the poverty-fighting Robin Hood Foundation; she believes Wall Street has a role to play in fixing some of the world’s most urgent problems.

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