Spouting Rock Asset Management has appointed Pamela Jacobs as its first Chief Sustainability Officer. In this new role, she’ll work with the firm’s management and investment teams to assess the Impact and ESG landscape and determine the best way to integrate these into the firm’s investment strategy, culture and philosophy.
“With the growing importance of sustainable investing across multiple generations and the entire client spectrum, identifying the right way to integrate that within our culture and DNA is absolutely paramount, and I can’t think of a better person to lead that effort than Pamela,” says Blakely Page, President and founder of Spouting Rock. “She’s a pioneer within the industry and has evolved over time as a business builder, innovator and advocate for change. Her focus on identifying new ways to improve the investing experience for institutional, retail and family office clients is something we’ll benefit greatly from, and we couldn’t be more excited to have her join the team and lead us in this important area.”
Jacobs has worked in the financial services industry in a variety of senior roles over the last three decades. Most recently, she co-led Envestnet’s impact investing business where she focused on product development, financial advisor education and the development of strategic industry partnerships. Her efforts helped grow Envestnet’s impact platform to more than USD18 billion in AUM across family offices, advisors and foundations. Prior to that, she founded and led a consulting firm dedicated to strategic planning, growth strategies, product development, implementation and distribution for the wealth-management market. Earlier in her career she also served in roles at SEI Investments, Fidelity Investments and Thomson Reuters.
“I’m thrilled to be joining such a passionate and talented team of professionals,” says Jacobs. “As with analysing potential impact opportunities, when searching for my own role I focused heavily on finding a culture that was forward-looking, fearless and committed to making a positive change that can benefit employees, investors and communities. At its core, impact investing must be a pillar of a company’s DNA and culture, and the parallel between that philosophy and the environment at Spouting Rock was something I was truly drawn to.”
Adding a seasoned leader such as Jacobs to the team is a way to grow Spouting Rock’s commitment to the impact space.
Says Jacobs: “We believe sustainability analysis makes us better investors and partners to our clients. Sustainable business practices can potentially uncover new revenue streams, reduce risk, power innovation and lead to better business models. At Spouting Rock, we seek to integrate impact factors into our discipline, which helps guide our strategic investment decisions by providing us with differentiated insight, through a non-financial metric, into the quality of a business and its management team.”
Spouting Rock Asset Management launched last year and offers a series of actively managed, niche allocation strategies that seek to capitalise on market inefficiencies. This product suite includes strategies focused on small-cap equities, absolute return, alternative income and hedge fund of funds.