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Rally Assets Newsletter – Q1 (March 13, 2019)

Not considering ESG is a failure of fiduciary duty!

That is the view of the EU Parliament and Council. Two weeks ago, they passed new regulations clarifying that fiduciary duty requires financial advisors to consider financially material environmental, social, and governance (ESG) factors in their investment decision-making.

Managers, investors and trustees in North America who still believe that considering ESG factors in their investment decisions goes against their fiduciary duty may need to think again as the tide is clearly turning elsewhere.

Responsible investing now makes up a majority of Canada’s investment industry, accounting for 50.6% of all Canadian AUM, with ESG integration being the most prominent strategy.

At Rally, ESG considerations are a crucial part of our impact framework. We believe companies and funds with superior environmental, social and governance performance will generate better financial returns and greater positive impact. This is important to our clients, individuals and organizations, concerned with local and global challenges, who are looking to invest in high quality companies.

To execute on this strategy, we have brought in the experience of seasoned pension fund portfolio managerMarc Foran as our Chief Investment Officer and Impact Management Advisor Kate Murray to design an impact investing approach that balances investors financial needs with their impact goals.

Read on to learn more about trends in the Canadian impact investing market, our new team members and job openings, our newest investor, and an upcoming learning opportunity

Launching Rally Assets

Expanding our team, products, and services* by building on our strengths.

What does this mean? In many ways, not much has changed. Our consulting team, led by Kelly Gauthier, continues to deliver on our advisory service offering to help our clients align their assets with their values through their impact investing strategies. 

So what’s different? While continuing to support strategy and research, we are responding to the needs of our clients and increasing our capacity to evaluate, manage and report on impact and responsible investment portfolios.  In mid-2019, subject to approval by the securities commission, we expect to have expanded our capacity to include public markets*, registered as a portfolio manager, built out our impact measurement framework and developed our integrated reporting tools.

We’ve also moved to a new office space to make room for our growing team and for welcoming our clients and partners. We hope you will stop by for a chat and tea or coffee.

Extending Our Impact

We were pleased to support the RIA in creating the 2018 Canadian Impact investing Trends Report. This report shows accelerating growth and wider adoption.

“Why is impact investment growing? Because it’s working,” The report show that performance is meeting or exceeding investors expectations. (Andrea Nemtin, Partner at Rally Assets)

It is an industry that is “coming of age” observes Kelly Gauthier in RIA’s magazine – Impact Investing in Canada’s Coming of Age.

Highlights

  • 81% growth over a two-year period in Canada –  Impact assets under management (AUM) now $14.75 billion
  • Impact investments expanding into public markets, public equities now comprise 41% of impact AUM reported.
  • Investors overwhelmingly reported that performance has met or exceeded their expectations.
  • 89% of respondents expect moderate to high levels of growth in impact investing over the next two years.

Welcoming New Team Members

Please join us in welcoming Marc, Kate, and Richard to our team.
Each of them brings their unique skills and experiences to support our progression to becoming a full service asset management firm so we can serve our clients more effectively.

Marc Foran Chief

Investment Officer
Marc Foran joins as our CIO. He brings a proven track record of managing global public equity, fixed income, private equity investments and alternative assets. Prior to joining Rally Assets, Marc was a Global Thematic Portfolio Manager at BCI, one of Canada’s largest institutional investment management companies with $145B assets under management. He was responsible for developing and managing an active portfolio of global stocks with strong ESG profiles that benefited from high-impact themes such as climate change and changing demographics.

Marc is looking forward to using his extensive asset management experience to help build the firm’s multi-asset portfolio strategies and investments to better serve our clients.

Kate Murray
Impact Management Advisor
Kate is designing the framework and systems we will use to measure, evaluate, and report on the impact of our clients’ assets. She brings her passion for harnessing the power of business to create positive change in the world, and extensive experience supporting fund management firms spanning four continents.


Richard Austin
Compliance Consultant

Richard is leading our registration process with the Ontario Securities Commission in the category of Portfolio Manager. He is working with the team to build robust processes and procedures in compliance with regulatory requirements, which will serve to enhance the protection of our clients. He has spent most of his professional career as a financial services lawyer with specific expertise in mutual fund dealers, financial planning and securities dealer matters.

WE’RE HIRING

Know a candidate or interested in a summer internship with meaning?
Check out or forward our job postings
and apply through the online portal.

Welcoming New Team Members

We are excited to welcome Good & Well as an equity investor and strategic partner. It was important to us to find partners who believed in our vision and shared our values. The Good & Well team have demonstrated incredible commitment to creating a more fair, prosperous and sustainable world. They do this both through the companies they have invested in and through their continued contribution to facilitating and enabling a more robust social purpose ecosystem. We are honored to receive this most important vote of confidence and join their family of social purpose companies.

“We see ourselves as true partners, investing for the long-term and working collaboratively with investees to help identify and unlock opportunities for and barriers to scale.”

Alexandra Baillie

President, Good & Well

Upcoming events

Pre-Conference Workshop at CFC’s All In 2019 Conference

Rally is pleased to host a pre-conference workshop at CFC’s All In 2019. This session is designed to support foundations of all types to seed and advance their social finance practice. 
Who should attend: 

  • Foundation leaders and staff looking to start their impact investment journey
  • Those looking to deepen and scale their social finance strategies
  • Board members who wish to provide leadership at their foundation

“Jump-start on social finance”

When: 9am – 4pm, June 5th, 2019 
Where: Victoria, BC
Tickets limit: 30
Lunch provided


Thank You

Thank you for reading this far and sharing in our journey to becoming a full service impact investing firm. For more information, please explore our website at rallyassets.com.

We deeply value the support and guidance of our colleagues and community, and encourage you to share your thoughts or questions with us via email at info@rallyassets.com

Thank You

*Rally Assets Inc. has applied for registration with the Ontario Securities Commission in the category of Portfolio Manager. If the Commission approves the application for registration, Rally will be subject to a comprehensive set of regulatory compliance requirements which will serve to enhance the protection of our clients.