Perella Weinberg Partners hired Jameela Pedicini from Harvard University to help lead expansion into environmental, social and governance investing strategies at the firm’s asset-management business.
She will work in the Agility unit, which provides advice to investment managers and oversees about $5.6 billion in assets, Perella Weinberg said Monday in a statement. She previously was responsible for developing and leading Harvard Management Co.’s sustainable investment strategy, the financial-services firm said.
Perella Weinberg has been expanding its alternative-asset strategies in its money management unit this year. It has added James M. Dunham from Goldman Sachs Group Inc. to work with financial institutions, and Marie-Helene McAndrew from Permal Asset Management for its hedge fund offering.
“We’ve got a long history” of integrating environmental, social and governance practices into the firm’s investment strategies, Chris Bittman, Agility’s chief investment officer, said in a phone interview. “Now it’s become a more prominent issue among our clients.”
Agility has 25 clients including the University of Colorado Foundation and Rockefeller Brothers Fund.
Bittman, who was the chief investment officer of the University of Colorado Foundation, joined Perella Weinberg in 2009. Pedicini previously was an investment officer at California Public Employees’ Retirement System, Perella Weinberg said. She was hired by Harvard in 2013. Paul Andrew, a spokesman for Harvard Management, had no immediate comment.
During her two years at HMC, Pedicini “strengthened our ability to assess portfolio risks related to sustainability,” Stephen Blyth, HMC’s chief executive officer, said in a memo to employees. Blyth said the issues of sustainability and environmental, social and governance risk management “will only become more important for HMC. We have started a search to recruit a new head of sustainable investing.”