UPDATE: FTSE’s LCE Risk Buy to Yield New ESG Tools, Data

Kevin Bourne

Index provider FTSE is planning to create new tools and datasets to meet demand from investors seeking tools to manage ESG (environmental, social and governance) risk and identify sources of alpha based on ESG factors, after acquiring the assets of UK-based ESG quantitative research firm LCE Risk for an undisclosed sum last month.

The resulting new ESG Service Unit will be headed by LCE’s co-founders Kevin Bourne and Gordon Morrison—previously global head of electronic trading and global head of

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