In June 2020 Ted Seides invited CEO/CIO Tony Davis to discuss the formation of Inherent Group and its approach to investing as part of the Capital Allocators series on Sustainable Investing. The conversation covers Tony’s early career experience at Goldman Sachs, key lessons from twenty years at Anchorage Capital, his retirement and philanthropic work in impact investing that led to the formation of Inherent Group. Next they turn to Tony’s activities at Inherent, including his rationale for taking in outside capital, sourcing longs and shorts, incorporating E, S and G factors in underwriting, quantifying sustainability, constructing the portfolio, and engaging with portfolio companies. They close with a few investment examples, potential opportunities in distressed debt, and tips for allocators researching ESG managers. Click below to listen.
