Systematically encourage strong environmental, social and governance practices.
This website is intended solely for the use of institutional investors, consultants, and other professionally recognized financial intermediaries in Australia and is not for general public distribution.
The words ‘Intech,’ ‘we,’ ‘us’ or ‘our’ used herein refer to Intech Investment Management LLC (“Intech”), an investment adviser registered with the United States Securities & Exchange Commission, and ‘you’ or ‘yourself’ may refer to an individual, Independent Financial Advisor, consultant, company, or other entity visiting this website.
This website is issued by Intech Investment Management LLC (“Intech”). Intech is permitted to conduct financial services pursuant to an exemption from the need to hold an Australian financial services licence under the Australian Corporations Act 2001. Intech is regulated by the Securities Exchange Commission of the U.S. under U.S. laws, which differ from Australian laws. Unless stated otherwise, information on this web site is provided by the issuer of the applicable financial product.
Information contained on this Website is published solely for general informative purposes and is intended only for institutional investors, consultants, and financial advisers, and other intermediaries in Australia who are who are knowledgeable and experienced in the financial services market and in investment products of this nature. Should you proceed to access this Website, you will be representing and warranting that you are an institutional investor, financial advisor, or other professionally recognised financial intermediary located in Australia. If you are a retail or individual investor, then please leave this Website. The information is not authorized for use in a jurisdiction where distribution is not authorized and is not intended for distribution to retail clients.
The information contained on this web site is believed to be accurate and current at the time of compilation and is provided in good faith. Intech does not accept any responsibility arising in any way (including negligence) for errors in or omissions from information contained on this web site or for any loss or damage (whether direct, indirect or otherwise) suffered by the recipient of the information contained on this web site, or any other person. Intech does not accept any legal responsibility for material published on third party linked sites.
What follows is not an offer or invitation to acquire an investment to, and should therefore not be relied upon by, any person anywhere other than Australia or any person in any jurisdiction where such an offer or invitation would be unlawful. Persons in respect of whom such prohibitions apply must not access this Website.
If you choose to access this Website from locations outside of Australia, you do so at your own initiative and risk, and are responsible for compliance with all applicable laws. Otherwise, please return to intechinvestments.com/au and choose the appropriate jurisdiction, where you will find investment products and services that are available to you.
This Website is reserved exclusively for non-U.S. persons and should not be accessed by any person in the United States. A “U.S. Person” is defined by US laws and regulations in force from time to time. If you are resident in the U.S., or as a corporation or other entity are organised under U.S. law or administered by or operated for the benefit of a legal or natural U.S. person, you should take professional advice to determine whether you are a U.S. Person and you should not access this Website until you are sure that you are not a “U.S. Person”.
WE BELIEVE THAT THE INFORMATION THAT MAY BE VIEWED ON THIS WEBSITE IS ACCURATE AS AT THE DATE OF PUBLICATION, BUT WE DO NOT GUARANTEE THE ACCURACY OR CURRENTNESS OF THE DATA AND WE DISCLAIM ALL REPRESENTATIONS AND WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSES, TITLE AND NON-INFRINGEMENT. FURTHERMORE, THE INFORMATION MAY BE AMENDED BY US AT ANY TIME WITHOUT NOTICE. BY PROCEEDING YOU AGREE TO THE EXCLUSION BY US, SO FAR AS THIS IS PERMITTED UNDER THE PROVISIONS OF THE UK FINANCIAL SERVICES AND MARKETS ACT (OR ANY REPLACEMENT LEGISLATION INSOFAR AS SUCH LEGISLATION PERMITS SUCH A STATEMENT TO BE MADE) AND THE APPLICABLE UK REGULATORY SYSTEM, OF ANY LIABILITY FOR ANY DIRECT, INDIRECT, PUNITVE, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR OTHER DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF PROFITS, REVENUE OR DATA ARISING OUT OF OR RELATING TO YOUR USE OF AND OUR PROVISION OF THIS WEBSITE AND CONTENT REGARDLESS OF THE FORM OF ACTION, WHETHER BASED ON CONTRACT, TORT (NEGLIGENCE), WARRANTY, STATUTE OR OTHERWISE, AND REGARDLESS OF WHETHER WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IF YOU ARE DISSATISFIED WITH ANY PORTION OF THIS WEBSITE, OR OF THIS IMPORTANT INFORMATION, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USE OF THIS WEBSITE.
Our affiliates, officers and/or employees may have holdings in Intech and/or Janus Henderson Investors’ investment products and may otherwise be interested in transactions that you effect in those products.
If you are unsure about the meaning of any information provided on this Website, then please consult your financial or other professional adviser. We do not offer investment advice.
You are now leaving our site and entering a website not operated by or affiliated with Intech Investments. While we aim to point you to useful external websites, we cannot be responsible for their content, opinions, advice or accuracy, even if you utilize the services on the linked site to invest in our products.
You should review the Terms and Conditions of third party websites and contact the operators of such sites if you have any questions.
Systematically encourage strong environmental, social and governance practices.
Environmental, Social, and Governance (ESG) issues are among the highest priorities for Intech, both for our investment process and our organization. Dr. Adrian Banner, chief executive and chief investment officer, drives this priority, which touches all aspects of the company.
Our responsibility to our clients dictates that we always focus on improving the trade-off between return and risk. That balance includes incorporating ESG factors into our investment analysis and decision-making.
ESG integration has been a research initiative at Intech for several years. We've discovered that it's possible to increase portfolio ESG scores substantially higher than benchmark scores while targeting consistent long-term outperformance. We do this by incorporating both third-party ESG ratings and internal statistical analysis of ESG themes into our portfolio optimization process. This helps enhance portfolio- and pillar-level ESG scores while complementing other portfolio risk constraints. Our ESG integration research continues, as we pursue ESG integration for 100% of our portfolios.
Intech has extensive experience employing negative screening for Environment, Social and Governance issues while seeking consistent outperformance. We do not use an off-the-shelf approach; instead, we work with our clients to exclude stocks based on their specific needs. Clients benefit from our portfolio-centric investment process that enables them to exclude stocks while maintaining strategy performance objectives. Intech has been collaborating with clients in this manner since 1997.
We attempt to influence corporate behavior through proxy voting and ongoing engagement. For clients who delegate proxy-voting authority to us, Intech uses ISS Sustainability Proxy Voting Guidelines unless otherwise directed. These guidelines seek to align with internationally recognized initiatives (e.g., PRI). Intech also employs ISS ESG Pooled Engagement Solutions, which allows us to join with other investors to engage companies who fail to meet responsible business conduct standards, face credible allegations, or lack transparency in their ESG risk mitigation efforts.
Intech participates in several governance- and sustainability-related organizations, recognizing that a collective effort to bring about positive change has more impact than those of individual asset managers or owners. We are a long-standing and active member of Principles for Responsible Investing (PRI), a supporter of the Task Force on Climate-related Financial Disclosures (TCFD), and a signatory to Climate Action 100+. More recently, Intech became a supporter to the Investor Agenda 2021 Global Investor Statement to Governments on the Climate Crisis. We also support the Paris Agreement to limit global temperature rise to below 2°C (3.6 degrees F), and manage some portfolios that include a carbon-reduction objective alongside a traditional risk-return objective. As a subsidiary of Janus Henderson Group, we participate indirectly in the Carbon Disclosure Project.
Our commitment to sustainability extends to Intech’s business. Intech’s Corporate Social Responsibility Committee leads this undertaking, seeking to understand Intech’s impact on our community and the world, provide direction to company leadership, incorporate best practices to minimize our impact, and evaluate progress. Our efforts promote professional and personal environmental awareness, advance diversity and equal opportunity in the workplace, further professional development, and encourage healthy lifestyles. We align our human resources activities to support these goals.
Our founder, E. Robert Fernholz, Ph.D., was born in 1941 in New Jersey. His father was a distinguished German chemist who fled Germany and immigrated to the US in 1935 to join the faculty of Princeton University. Dr. Fernholz's mother, Mary Briganti Fernholz, was the daughter of Italian Immigrants who came to the US in the early 1900s. She held an M.S. degree in Economics from Smith College and worked at Princeton University as a research assistant in the Economics Department.
Growing up in Princeton and attending Princeton Country Day School, Dr. Fernholz graduated high school at Deerfield Academy in Massachusetts in 1958. He majored in mathematics at Princeton University, under the direction of William Feller, and received his B.A .degree magna cum laude in 1962. He earned his Ph.D. in mathematics at Columbia University in 1967, writing his thesis under the direction of Lipman Bers.
More… [CSS expand/collapse section]
Dr. Fernholz began his career as an academic mathematician at the University of Washington, and later held various professorships at City University of New York, Universidad Nacional de Buenos Aires, and Princeton University. Fernholz left Princeton University in 1980 to become Research Director at Arbitrage Management Company. He also worked at Brignoli Models where he worked along-side Dr. Harry Markowitz.
In 1987, Dr. Fernholz founded Intech, basing our mathematical investment process on a 1982 paper he published, “Stochastic Portfolio Theory and Stochastic Market Equilibrium.” He later elaborated on these mathematical methods in his monograph, Stochastic Portfolio Theory (Springer 2002). Dr. Fernholz is also the author of numerous research articles both in pure and applied mathematics as well as statistics and mathematics of finance.
Dr. Fernholz married Luisa Turrin in 1970 and they have two sons: Daniel and Ricardo. Luisa Turrin Fernholz earned a Ph.D. in Statistics from Rutgers University and is Professor Emerita in Statistics at Temple University. Daniel T. Fernholz holds a Ph.D. in Computer Science from the University of Texas at Austin, and Ricardo T. Fernholz earned a Ph.D. in Economics from the University of California, Berkeley and is currently Assistant Professor of Economics at Claremont McKenna College.
Dr. Fernholz and his wife Luisa founded the Minerva Research Foundation in 1993 to promote research in mathematical and statistical sciences and to encourage the participation of women in these disciplines. Luisa Fernholz directs the Foundation, which has given support to the Institute’s School of Mathematics since 2007. Dr. Fernholz is also a trustee at the Institute for Advanced Study, an independent, postdoctoral research center for theoretical research, and the academic home for distinguished scholars like Albert Einstein, Kurt Gödel, John von Neumann and Hermann Weyl.