Bluebell Capital Partners is a European investment firm. Bluebell is one of the leaders in activist investing. It provides financial services in activist investing.
The firm has an approach towards constructive engagement by increasing the investments in shareholder value. The firm focuses on upholding Environmental, Social and Governance (ESG).
ESG is an umbrella term for a pre-established standard by which the evaluation of corporate policy-based investments is done. The sole focus is on the investments that have an impact on the environment and society as a whole inclusive of sustainability.
Bluebell: Origin And History
Bluebell Capital Partners Ltd was founded in 2019. The founding partners of the firm are Giuseppe Bivona and Marco Taricco.
Bluebell Capital Partners was formed out of an investment advisory business that was founded in 2014. The business was titled Bluebell Partners which was founded by Giseppe and Marco themselves.
Bivona and Taricco together have the experience of leading a professional team that campaigned on self-evaluating their adopted approaches. The self-evaluation was primarily focused on the approach toward ESG and the team’s investment process that might have a negative impact on natural sustainability.
The Bivona- Taricco partnership has a hallmark identity as shareholder activists who introduced the phenomenon in Europe and made professional opportunities out of it.
Shareholder activism is a business approach by which a corporation’s partial owners can decide the course of its operation. This is done by exercising the rights of the publicly – traded corporation that they have as the partial owners.
Giuseppe Bivona and Marco Taricco are the Co-Chief Information Officers (Co- CIOs) of the firm. The firm have the further leadership of the partner David Calvo Platero as the Portfolio Manager, and Nicolas Ceron as the Portfolio Manager, Edwin Adrain- Smith, CFA as the Managing Director and the Head of Business Development, Matthew Low as the Chief Operating Officer (COO), Terman Chan as the Operations Analyst, and Pete Papanichola handling the Trading and Risk.
What Exactly Does Bluebell Do?
The primary function of the firm is identifying opportunities in activist targets for creating value. They identify the financial risks associated with the companies they invest in. They also serve as supporting the fiduciary responsibility.
The firm has an approach that reviews external data and companies’ ESG metrics and zone in on themes.
The biggest achievement of Bluebell could be the position as the signatory of the Principles for Responsible Investment (PRI) supported by the United Nations.
Principles for Responsible Investment (PRI) is an investment framework that offers support and assistance to the global chain of signatory investors for incorporating the ESG factors into the investment and ownership decisions of the signatories.
PRI is supported by the UN and they focus on the implementation of the 6 principles that they are founded on.
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Bluebell Controversies
Bluebell Capital Partners Ltd is topping the headlines as they have taken hold of a position in BlackRock Inc. an American Investment Management Company. BlackRock was in recent headlines regarding the $2 billion backlash that they faced from Florida.
Bluebell is reportedly proposing the replacement of Larry Fink from the position of the Chief Executive Officer (CEO) of the company, BlackRock. They are also proposing the replacement of Murry Gerber with another lead independent director.
Bluebell cites that BlackRock has failed to meet the commitments they have made towards ESG investing.
Bluebell also released a one-month-old letter that they had sent to Larry Fink addressing the concerns regarding the approach that BlackRock has been following in the employment of the ESG factors.
The Co- CIOs of Bluebell disclose the multiple position changes adopted by BlackRock in the investment process of thermal coal production. Larry Fink was also not able to deliver the commitments that he had made to natural sustainability.
According to the shareholder statistics and data, it could be noted that a 0.01 % stake in BlackRock is owned by Bluebell. The latter one has 107 billion USD worth of market capitalization.
According to the comments on BlackRock by Bluebell, they said that the former, BlackRock, is having a hypocritical nature and its operations are on an inconsistent trend.
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