Applying ESG considerations in investment processes
NEW YORK--(BUSINESS WIRE)--
Tiptree Asset Management Company, LLC (“TAMCO”), the asset management
subsidiary of Tiptree Inc. (“Tiptree”) (NASDAQ: TIPT), today announced
that it has signed the United Nations-supported Principles for
Responsible Investment (“PRI”) on behalf of itself and its affiliate
Telos Asset Management LLC (“Telos”).
TAMCO, an SEC registered investment advisor, is Tiptree’s primary
holding company for its asset management business. Telos is a global
credit manager with approximately $1.9 billion of fee earning assets
under management.
The PRI is an international global network of asset managers, owners and
service providers working together to put responsible investment into
practice. PRI signatories commit to developing, documenting and
integrating environmental, social and corporate governance (“ESG”)
considerations into investment decision-making and ownership practices.
“We are delighted to welcome TAMCO as a PRI signatory,” said Fiona
Reynolds, managing director of the PRI. “Their recognition of the
material risks that ESG issues present is to be commended and further
demonstrates the growing awareness and importance of ESG to the
investment decision-making process.”
About Telos Asset Management LLC
Telos is an asset management company, founded in 2006, focused on
investing in corporate credit and CLO tranches through managed accounts,
structured investment vehicles such as CLOs, credit opportunity funds
and long-only strategies. The Telos senior investment management team
has average experience exceeding 20 years and includes investments in
all layers of the capital structure from senior secured debt to common
equity.
About Tiptree Inc.
Tiptree is a diversified holding company engaged through its
consolidated subsidiaries in a number of businesses and is an active
acquirer of new businesses. Tiptree, whose operations date back to 2007,
currently has subsidiaries that operate in four industries: insurance
and insurance services, specialty finance, asset management and real
estate. Tiptree’s principal investments are included in a corporate and
others segment.
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Tiptree Inc.
Investor Relations, 212-446-1400
ir@tiptreeinc.com
Source: Tiptree Inc.