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DRI Fund: Community Impact Investing

The growing attention paid by asset owners to so-called ‘ESG’ – environmental, social and governance – factors is increasingly influencing the hedge fund industry with regards to the investment decisions made by these funds. Furthermore, this attention is creating an entire strategy for firms which operate exclusively in this space. One such firm is Southfield, Michigan-based Investment Manager DRI. Formed in 2011, Detroit Rehabilitation Initiatives LLC -- DRI – began life in the ashes of the namesake city’s housing crisis. Its principals saw a once in a generation opportunity in the collapse of the local housing market to realise an elusive...