The largest U.S. private-equity firm has been a longtime investor in Morris Investment.
But its new “moral courage” program, announced by the firm in October, is a big step for the firm.
Morris said it has more than 1,100 investment professionals and more than 7,000 investors in its portfolio.
The firm says it’s a “global leader in ethical investing,” and the new program offers a new perspective for investing in the U.K. and beyond.
For one thing, Morris said in a statement, “Morris Invest is no longer an investment company but an investor.
Its mission is to be a leader in moral courage and moral accountability.
It’s the only investment company in the world that has been able to reach these goals through a combination of its investment team, our ethics team and our financial advisers.”
Morris says its investment managers will “be fully engaged” in helping their clients reach their goals.
The new program is aimed at helping investors get better returns, including on investments where there’s a higher risk-adjusted return, as well as on investments that have a higher volatility.
“Morristans commitment to ethical investing will continue to drive its investments for a long time to come,” said the statement.
Morris’ ethics program focuses on its fund, which has long been known for investing heavily in the commodities sector.
Morris says it is “well positioned to address our investment objectives, given its portfolio size and track record of ethical investing.”
Morris said the firm is also expanding its work with investment banks, mutual funds and hedge funds.
The fund also said in its announcement that it has invested $500 million in “an expanding portfolio of companies, markets and currencies.”
It’s not clear if the firm’s investments in Morgan Stanley and Goldman Sachs are included in the new Morristans ethical program.
“We are confident that Morris Invest will continue its strong ethical commitment to investing in companies that respect human rights, the environment and the rule of law,” the statement said.
Morris invested $1 billion in the company in March and is “focused on our investment in the UK,” the firm said.
It said it is investing “significant sums of money” to expand its “investment infrastructure and to further support our global expansion.”
The fund has a strong record of being an ethical investor.
In the U., Morris invested in more than 100 companies and has invested more than $20 billion.
Morris’s ethics program “will help us better serve our clients and provide them with more opportunities to invest in a better future for our planet, our planet’s most vulnerable and our future generations,” the company said.
