LSFO is committed to achieving a just and sustainable world and seeking market financial returns along side demonstrable social/environmental impact benefiting people and planet from our increasingly values-based determined investment portfolio. Our investment mandate, grant-making and policy objectives support social and climate equity and justice. We are a signatory to DivestInvest, pledged divestment of all fossil fuel investments, The Belonging Pledge, committing to address racial equity through investment, and Freedom to Invest, insisting on the choice to utilize ESG data in considering investments.
All investing is executed by , LSFO Multi-Family Office partner.
Family members may take Board and/or advisory roles, from time-to-time, with select investment managers.
OUR ALLOCATIONS
- Public Equities and Fixed Income (public values-based investments) are first evaluated and scored, via our proprietary screening tool for:
- ESG - The public company's assessment of record and disclosure related to Environment, Sustainability and Governance
- GC - A normative assessment of the company based on the four core principles of the United Nations Global Compact ("GC"): human rights, labor rights, the environment and anti-corruption
- This is lower "intentionality" investing, that is, seeking to do no harm, favoring better corporate stewardship, sustainability and those that benefit people and planet
- LP Interests via Third Party Impact Funds (Targeted Investments), seeking market financial return plus measurable social/environmental impact, presently favoring:
- Early stage investment in managers that are women and/or people of color (based on stage of manager, this investment may come from our DAF account)
- With social/environmental objectives that coincide with Family values-based objectives
- This is higher "intentionality" investing - seeking to drive capitalization versus "crowding out" other capital
- Early stage investment in managers that are women and/or people of color (based on stage of manager, this investment may come from our DAF account)
Investing Philosophy & allocations
Our Investment Policy Statement is Available Upon Request
OUR PHILOSOPHY
- All investing has impact
- "Traditional" is better described as "amoral" investing. Take a stand with your capital - money is a tool
- LSFO maintains investments in uncorrelated market strategies as 'ballast' in portfolio for more intentional investments
- There is no trade off between market returns and social/environmental impact unless choosing to be a "catalytic" investor
- We invest in public securities (equities, fixed income) screening for top-quartile environmental/social/governance ranking companies, omitting certain industries
- We make targeted investments for impact, via outside managers, self-identifying as "impact", and demonstrating market returns and measurable impact
- Our impact objectives are social justice and inequality, climate action and financial inclusion, and their intersectionality
- The Lupoff/Stevens Family Office invests in the 44 poorest countries via partnership with the United Nations Capital Development Fund
- With no outside capital, just our own, we have the opportunity to invest with an inter-generational time perspective, and therefore, not prone to actively trade or pay attention to faddish opportunities
LSFO IS A PARTNER FAMILY AMONGST THE BEATRICE ADVISORS MULTI-FAMILY OFFICE (MFO) - ALL INVESTMENTS MADE THROUGH THE MFO