Fund managers dismayed by cuts to green research

The disbanding of Citi’s socially responsible investment research team and loss of resources at other investment banks has concerned fund managers. Some fear there are likely to be more cuts.

Recent cuts in environmental, social and governance (ESG) research capacities at investment banks’ brokerages which sell market information to fund managers have raised concerns and led to speculation that further cuts are on the way.

The moves reflect belt-tightening by investment banks still reeling from the credit crunch. In December, Deutsche Bank ceased its dedicated corporate governance research, while JP Morgan ended its ES

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