Environmental, social and governance factors are increasingly important to investors and investment consultants with the likes of investment consultant Mercer starting to rate investment managers in line with ESG factors, while alternatives consultant Albourne Partners recently started giving hedge funds a rating based on their exposure to ESG factors. However, while this is possible for larger funds, it could be an issue for the small hedge funds. With a geopolitical backdrop driving demand for ESG - the US pulling out of the Paris accord and the changes of environmental laws in the US have helped to heighten awareness of ESG - the pressure is on for...