Inaugural National Low Carbon Case Competition

Creating Roadmaps to Reduce the Carbon Intensity of Institutional Portfolios

November 14, 2014, 8:45 a.m. – 5:30 p.m. EST

The Yale Responsible Investing Group (Yale RIG) and the International Center for Finance at the Yale School of Management are pleased to present a national low carbon case competition with a $10,000 first place prize, on Friday, November 14, 2014. 

 

Team Registration                     General Admission

Watch the case competition live on November 14, 2014!: 

Session 1: Morning Keynote Speech by Kenneth Gillingham, Assistant Professor of Economics, Yale University from 9-9:30am ET     – WATCH THIS SESSION

Session 2: Low Carbon Institutional Investing Case Competition Finalist Pitches  from 3-5 pm ETWATCH THIS SESSION

Session 3: Afternoon Keynote Speech by Peter Knight, Founding Partner & President of Generation Investment Management from 5-5:30 pm ET  – WATCH THIS SESSION

 

Climate change has become a pivotal issue for many investment managers in addressing client concerns, especially surrounding risky or controversial investments in the highest carbon-emitting companies.

But how can managers utilize existing data to satisfy reduced-carbon client demands while still meeting a return, liquidity and risk standards? The Low-Carbon Case Competition invites talented finance students from across the country to figure out innovative ways to move the field forward.

Purpose of the case competition

Students will design strategies to allow an institutional investor to address climate change, revise the portfolio accordingly, and defend their evidence-based metrics and methods. The competition will challenge teams of graduate students in business and environmental studies to tackle two areas with creativity and analytical rigor:

1. The complexity of inferring, evaluating, and integrating corporate emissions data into institutional investing; and,
2. The methodology and rationale for redirecting funds in accordance with the conclusions while maintaining competitive portfolio performance.

Led by Bob Litterman, former head of Risk Management for Goldman Sachs, a panel of judges will evaluate teams. Their evaluation will focus on teams’ analysis and integration of carbon emissions metrics as well as the expected performance of their resulting portfolio. Peter Knight, the President of Generation Investment Management, a sustainability-focused investment management firm co-founded by Al Gore and David Blood, will also be present to address the role of institutional investors in solving a significant global challenge.

Four-person teams - two of which must be MBA candidates - will receive the case materials in late October. Teams will present in person to our judges and sponsors at the Yale School of Management on Friday, November 14th. The winning team will receive $10,000 in prize money as well as an opportunity to pitch their solution at the Commonfund Forum in March 2015. The number of teams will be capped at 15 and will be accepted on a first come first serve basis until the registration deadline; teams are welcome to send a second team to the event."

Engaging in a broader conversation

Beyond the student competition, this inaugural event provides alumni, students, and faculty a chance to engage with leading thinkers in a conversation around reducing the carbon intensity of University endowment portfolios.

The event will bring together an exciting slate of speakers, both industry investors and academics, from across the United States. Panels will cover topics including: how endowments are approaching the low carbon investing issue, how investment advisors and managers are responding, and a discussion around metrics to measure carbon intensity.

For more information or for media inquiries, please contact Logan Yonavjak: Logan.yonavjak@yale.edu

Edward P Evans Hall, Yale School of Management
165 Whitney Avenue
New Haven, CT 06413
United States
Event tags

Speakers

Bob Litterman

Chairman of Advisory Board, Kepos Capital

Bob Litterman recently retired from a 23-year career at Goldman, Sachs & Co. in research, risk management, investments and thought leadership roles. He oversaw the Quantitative Investment Strategies Group, a portfolio management business formerly...

Bob Litterman recently retired from a 23-year career at Goldman, Sachs & Co. in research, risk management, investments and thought leadership roles. He oversaw the Quantitative Investment Strategies Group, a portfolio management business formerly known as the Quantitative Equities and Quantitative Strategies groups, and Global Investment Strategies, an institutional investment research group. Bob is Chairman of the advisory board at Kepos Capital, and for the past six years he has been one of the three external advisors to Singapore’s Government Investment Corporation (GIC). He is the co-developer of the Black-Litterman Global Asset Allocation Model, a key tool in investment management, and has co-authored books including The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach (Wiley & Co.). He currently serves on a number of boards, including Commonfund, the Sloan Foundation and World Wildlife Fund.

R. Paul Herman

Founder and CEO of HIP Investor, Inc.

R. Paul Herman is the Founder and CEO of HIP Investor, Inc., an investment advisor and portfolio management firm based in San Francisco. The firm's investment strategy is centered on the HIP (Human Impact + Profit) scorecard methodology for...

R. Paul Herman is the Founder and CEO of HIP Investor, Inc., an investment advisor and portfolio management firm based in San Francisco. The firm's investment strategy is centered on the HIP (Human Impact + Profit) scorecard methodology for entrepreneurs, companies and investors worldwide to realize how quantifiable sustainability can drive financial performance. Since 2004, Paul has been advising leading corporations, family offices and foundations on how to be more HIP, and designing various HIP portfolios and investment products. Herman's financial expertise began with his Wharton School finance degree and corporate advising at McKinsey & Co. developing incentive regulation for energy companies and regulators. Paul’s strategic advisory and implementation leadership for Fortune 500 corporate clients and government continued at CSC Index. At eBay founder Pierre Omidyar’s Network, Paul designed an investment strategy that also enabled high human impact, including venture-backed growth companies. Paul also led Ashoka.org’s fundraising and partnerships as Chief Development Officer globally, expanding its donations and entrepreneurial networks.

Peter S. Knight

Partner, Generation Investment Management

Mr. Knight is a Founding Partner of Generation Investment Management, a London based investment management firm focused on sustainable investing in the public and private markets. Prior to co-founding Generation, he was a Managing Director of...

Mr. Knight is a Founding Partner of Generation Investment Management, a London based investment management firm focused on sustainable investing in the public and private markets. Prior to co-founding Generation, he was a Managing Director of MetWest Financial, a Los Angeles-based financial services company. Mr. Knight started his career with the Antitrust Division of the Department of Justice. From 1977 to 1989, he served as Chief of Staff to former VP Al Gore when Mr. Gore was a member of the U.S. House of Representatives and later the U.S. Senate. Mr. Knight served as the General Counsel of Medicis Pharmaceutical from 1989 to 1991, and then established his law practice representing numerous Fortune 500 companies. Mr. Knight has held senior positions on four presidential campaigns, including serving as the Campaign Manager for the successful 1996 re-election of President Clinton. He serves as a member of the Board of Directors of the National Park Foundation. Mr. Knight received his B.A. from Cornell University and his J.D. from the Georgetown University Law Center in Washington, D.C.

Lindsey Martinez

Managing Director, Global Client Service and Relations, Cambridge Associates

Lindsey Martinez is Managing Director, Global Client Service and Relations and a member of the senior management team at Cambridge Associates. She works closely with strategic clients and prospects; leads and oversees multiple global investment...

Lindsey Martinez is Managing Director, Global Client Service and Relations and a member of the senior management team at Cambridge Associates. She works closely with strategic clients and prospects; leads and oversees multiple global investment client conferences, roundtables, and workshops; and also initiated and co-heads the firm’s Large Institutions Practice. Throughout her tenure, Lindsey has held several leadership positions including Director of Client Relationship Management and Director of Consulting Services and continues to serve as an investment consultant to nonprofit institutions on general investment issues such as asset allocation strategy, manager selection, and program evaluation. Before Lindsey joined Cambridge Associates in 1999, she was the strategic planning officer, and later, a portfolio analyst/manager for the Hancock Timber Resource Group. In her portfolio management capacity, she was responsible for investments of over $400 million in both a commingled fund and separate accounts for corporate and public clients.

Priya Sara Mathur

CalPERS Board of Administration Vice President

Ms. Mathur serves on the Advisory Council of the United Nations‐backed Principles for Responsible Investment Initiative, an investors’ network formed to advance sound environmental, social, and governance practices. She is also a member of...

Ms. Mathur serves on the Advisory Council of the United Nations‐backed Principles for Responsible Investment Initiative, an investors’ network formed to advance sound environmental, social, and governance practices. She is also a member of the Investor Advisory Council for Astia, a global not‐for‐profit organization dedicated to the success of women‐led, high‐growth ventures. Ms. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). In that capacity, she finances multi‐billion dollar infrastructure projects, including BARTʹs $1.5 billion earthquake retrofit program. Before joining BART in 1998, she was a consultant with Public Financial Management Inc., a leading advisor to local governments, bringing to market approximately $2.5 billion in municipal bonds. Ms. Mathur has a masterʹs degree in business administration from the Haas School of Business, University of California, Berkeley, and a bachelorʹs degree in economics and literature from Connecticut College.

Verne O. Sedlacek

President and Chief Executive Officer, Commonfund

Verne joined Commonfund in 2002 as Executive Vice President and Chief Operating Officer and was appointed President and CEO July 1, 2003. In addition, he serves as a member of the Commonfund Group Investment Policy Committee. Prior to...

Verne joined Commonfund in 2002 as Executive Vice President and Chief Operating Officer and was appointed President and CEO July 1, 2003. In addition, he serves as a member of the Commonfund Group Investment Policy Committee. Prior to Commonfund, Verne was President and COO of John W. Henry & Company, Inc. Previously he served as Executive Vice President and Chief Financial Officer for the Harvard Management Company, where he was responsible for managing the areas of personnel, budgets, systems, performance, analysis, contract, credit, compliance, custody, operations, cash management, securities lending, and market risk evaluation for the then approximately $14 billion University Fund. He also has served on many not-for-profit and for-profit boards. Verne currently serves on the boards of the Association of Governing Boards of Universities and Colleges, the NYSE Pension Managers Advisory Board and is a member of the Samsung Global Investment Advisory Council (SGIAC). In 2013, National Association of College and University Business Officers awarded Verne the Rodney H. Adams Endowment award for his outstanding individual contributions to professional development activities in the area of university endowment and investment management. He earned an A.B. in Economics from Princeton University and was certified as a CPA by the State of New York in 1978.

Conference Events

Team Registration

Team structure
- There must be at least four people (or a maximum of five people) per team - Within each team, two members must be MBA students. The number of teams will be capped at 15 and will be accepted on a first come first serve basis until the registration deadline; teams are welcome to send a second team to the event."

Timeline
- Registration begins on September 8th, 2014
- Teams will have to pay an entry fee of $300 per team up to October 6th, 2014 - After October 6th, 2014 the entry fee will increase to $400 per team
- Teams receive case materials by the last week of October

All participating teams will be invited to present in person to a panel of pre-finalist judges. The four finalist teams will present in person to our finalist panel of judges and sponsors. All presentations will take place on November 14th at The Yale School of Management’s Evans Hall.

General Registration

 

Conference Agenda Text

Agenda

Conference Agenda