Since 1995, the U.S. SIF: Forum for Sustainable and Responsible Investment has produced a biennial survey of the SRI (Sustainable, Responsible, Impact) asset management industry. Its most recent report, “Report on U.S. Sustainable, Responsible and Impact Investing Trends, 2018,”(1) the assets under management that now consider ESG factors have grown to $12 trillion, an increase of 38 percent since 2016. When the survey was initiated, Sustainable Responsible Investing assets

The due diligence that advisors undertake in selecting money managers to whom they entrust their clients’ assets is a cornerstone function for ensuring their clients’ long-term financial success. While the research into the behavioral biases of individual investors is quite robust, there is less research into how behavioral biases manifest themselves in professional money managers. In a recent academic study, “Selling Fast and Buying Slow: Heuristics and Trading Performance o