Ivka Kalus's guest appearances

Ivka Kalus

[i3] Institutional Investment Podcast

Deep Impact Investing

Sam Adams

Jack Bogle

Rob Arnott

Corey Hoffstein

Tobias Carlisle

Michael Recce

Fred Schebesta

Bill Mitchell

Jeremy Grantham

Ned Davis

Brian Singer

Erin Fitzgerald

Michael Kelly

Benjamin Graham

Hunter Lovins

OwlTail

There is great power that comes with knowledge and information. What can we accomplish if we as investors make use of data and knowledge to drive our impact investing? In this episode, learn how Promethos Capital, an employee- and majority women-owned institutional investment boutique is doing just this. The firm’s chief investment officer and managing … Continue reading 47. How Harnessing the Power of Information Can Amplify Your Values-Based Investing With Ivka Kalus →

There is great power that comes with knowledge and information. What can we accomplish if we as investors make use of data and knowledge to drive our impact investing? In this episode, learn how Promethos Capital, an employee- and majority women-owned institutional investment boutique is doing just this. The firm’s chief investment officer and managing … <a href="https://deepimpactinvesting.blubrry.net/2021/06/02/47-how-harnessing-the-power-of-information-can-amplify-your-values-based-investing-with-ivka-kalus/" rel="nofollow" target="_blank">Continue reading 47. How Harnessing the Power of Information Can Amplify Your Values-Based Investing With Ivka Kalus →</a>

47. How Harnessing the Power of Information Can Amplify Your Values-Based Investing With Ivka Kalus

Ivka Kalus is a veteran of the investment management industry, having worked as a senior international equity portfolio manager for the likes of Boston Advisors, Pax World Management and State Street. She has been named among the top three female investors in the US by Citywire.In April 2019, Kalus launched Promethos Capital, a majority female-owned asset management shop that focuses on responsible investing. Why? ‘Because the market needs a firm like ours’, she says.In this no-holds-barred interview, Kalus, who is Chief Investment Officer of Promethos, questions why people ask whether there is enough female talent to reach 30 per cent board quotas but don’t question whether there is enough male talent to fill 90 per cent of board roles, as currently is the case. She is proud to admit that while she is not a Millennial many of her opinions could be classified along those lines. And she sees ESG investing as a work in progress. Please enjoy the show.Podcast overview of Ivka Kalus:2:20 I was trained as a biologist, but didn’t like the lab3:40 As I went back to school to study environmental economics, the iron curtain fell6:00 I ended up being the mining analyst at Putnam Investments6:30 The number of women in asset management has shrunk, as has the diversity of thought8:30 In finance a lot of people don’t understand the difference between correlation and causation9:30 More investors are getting involved in ‘intentional capitalism’10:00 About 1 per cent of assets is managed by women. The market needs a majority women-owned firm12:00 How can we get more female participation in the asset management industry?15:30 On millennials17:00 Millennials are very serious, maybe because their experience is shaped by the Great Recession and climate change. 20:00 Using values to make unbiased decisions23:00 Using ESG data as alpha predictors28:00 Is progress in diversity held back because men feel threatened by women?32:00 Diversity is one aspect of better decision making, but it needs to come with skin in the game and a mechanism for aggregating opinions rather than having one dominant opinion.35:00 Often people ask: Are there enough experienced women to get every board to 30 per cent female? Well, are there enough experienced men to fill 90 per cent of boards?38:00 Will Vanguard’s plan to vote again directors with more than four board positions affect female directors more than male directors?39:00 SRI was started by religious organisations in response to the Vietnam war.45:00 If you only exclude 10 per cent of the investment universe you can still build well-diversified investment portfolios.47:00 How do clients determine what their values should be?48:40 In general, we haven’t figured out the language yet for what it means to do no harm. But that is also the exciting part; we are still figuring out how alpha is generated in ESG52:00 Building concentrated portfolios gives us the freedom not to own everything58:00 Diversity ETFs; do they capture it?1:01:00 What are some lessons that you had to learn the hard way?

Ivka Kalus is a veteran of the investment management industry, having worked as a senior international equity portfolio manager for the likes of Boston Advisors, Pax World Management and State Street. She has been named among the top three female investors in the US by Citywire. In April 2019, Kalus launched Promethos Capital, a majority female-owned asset management shop that focuses on responsible investing. Why? ‘Because the market needs a firm like ours’, she says. In this no-holds-barred interview, Kalus, who is Chief Investment Officer of Promethos, questions why people ask whether there is enough female talent to reach 30 per cent board quotas but don’t question whether there is enough male talent to fill 90 per cent of board roles, as currently is the case. She is proud to admit that while she is not a Millennial many of her opinions could be classified along those lines. And she sees ESG investing as a work in progress. Please enjoy the show. Podcast overview of Ivka Kalus: 2:20 I was trained as a biologist, but didn’t like the lab 3:40 As I went back to school to study environmental economics, the iron curtain fell 6:00 I ended up being the mining analyst at Putnam Investments 6:30 The number of women in asset management has shrunk, as has the diversity of thought 8:30 In finance a lot of people don’t understand the difference between correlation and causation 9:30 More investors are getting involved in ‘intentional capitalism’ 10:00 About 1 per cent of assets is managed by women. The market needs a majority women-owned firm 12:00 How can we get more female participation in the asset management industry? 15:30 On millennials 17:00 Millennials are very serious, maybe because their experience is shaped by the Great Recession and climate change. 20:00 Using values to make unbiased decisions 23:00 Using ESG data as alpha predictors 28:00 Is progress in diversity held back because men feel threatened by women? 32:00 Diversity is one aspect of better decision making, but it needs to come with skin in the game and a mechanism for aggregating opinions rather than having one dominant opinion. 35:00 Often people ask: Are there enough experienced women to get every board to 30 per cent female? Well, are there enough experienced men to fill 90 per cent of boards? 38:00 Will Vanguard’s plan to vote again directors with more than four board positions affect female directors more than male directors? 39:00 SRI was started by religious organisations in response to the Vietnam war. 45:00 If you only exclude 10 per cent of the investment universe you can still build well-diversified investment portfolios. 47:00 How do clients determine what their values should be? 48:40 In general, we haven’t figured out the language yet for what it means to do no harm. But that is also the exciting part; we are still figuring out how alpha is generated in ESG 52:00 Building concentrated portfolios gives us the freedom not to own everything 58:00 Diversity ETFs; do they capture it? 1:01:00 What are some lessons that you had to learn the hard way?

38: Promethos' Ivka Kalus - Women Investors, Responsible Investing and Millennials