5 Top Hedge Funds Focusing on ESG and Impact Investing

4. Avenue Capital

Avenue Capital is a New York-based investment firm. It is ranked fourth on our list of 10 top hedge funds focusing on ESG and impact investing. The fund has a portfolio value of more than $144 million and is managed by Marc Lasry. The fund has previously announced plans to raise close to $600 million for a fund solely focused on impact investing. The fund, named Avenue Sustainable Solutions Fund, aims to provide flexible capital and other services to impact-focused firms primarily in North America. 

Marc Lasry

One of the top investments of Avenue Capital is Vistra Corp. (NYSE: VST), the electric power company headquartered in Texas. The company is a good investment option for income investors. On April 29, it declared a quarterly dividend of $0.15 per share, in line with previous. The forward yield was 3.52%. 

At the end of the first quarter of 2021, 90 hedge funds in the database of Insider Monkey held stakes worth $6.9 billion in Vistra Corp. (NYSE: VST), down from 95 the preceding quarter worth $7.1 billion.