True North Launches AI-Powered Trading Algorithm For ESG Public Equities
Toronto – September 27, 2021. True North Impact Investments, Inc. (True North) is proud to introduce True Alpha, the first purpose-built trading algorithm for ESG public equities. Aligning with True North’s mission to deploy capital for social impact, True Alpha brings an impact-focused trading solution to market.
True Alpha will initially launch to friends and family by invitation only, with a wider public launch set for later in Q4’21. The algorithm completed end-to-end testing, with $4M USD committed, and has seen 29% performance year-to-date– 64% since beta testing began in November 2020. It significantly outperforms similar ESG index products in returns– and quantified impact. The algorithm will report, every quarter, CO2 footprint savings per $10,000 USD invested, making it the first product on the market with science based KPI ESG reporting.
“We’re very excited to finally bring True Alpha to market,” says True North Partner and Fund Manager, Kai Chen. “Green washing is rampant in the sustainable finance industry, and we are proud to launch a product which goes against the current paradigm and demonstrates that a high-returning sustainable finance product can also have significant and quantified impact grounded in science.”
Diana Adachi, Partner and Senior Vice President at True North comments on the significance of True Alpha’s ESG focus: “This is a momentous time with the launch of True Alpha. Now more than ever, there is a strong need for an ESG-focused product that has both high-returns and measurable impact on CO2 emissions. Congratulations to the team!”
To learn more about True Alpha, please visit https://truenorthimpact.com/.
About True North Impact Investments
Founded in 2018, True North is a Toronto-based, globally-minded impact investing firm that focuses on early and growth stage companies seeking to have a positive impact on society and the planet. With over 50 years of experience as both investors and entrepreneurs, the leadership team at True North Impact is committed to identifying the best impact investments, and partnering with management teams to achieve strong financial results and lasting impact.
Contact:
+1 (647) 922-5228