Our Values
Modular integrates environmental, social and governance factors relevant to macro investing into our activities.
Responsible Investing
​We strive to adopt an approach that is relevant in the context of macro investing, while working with investors and stakeholders to build consensus around what might be defined as ESG best practice for macro hedge funds and build appropriate controls into our investment process. We invite investors to review our ESG Investment Policy for further information on the controls, exclusions and governance we adopt.
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ESG Integration
We believe that consideration of material, relevant ESG risk factors in the investment decision making process is an important component of our fiduciary duty to our clients. While this may not be relevant to the majority or our FX and Rates investment activities, we apply an ESG filtering process to corporate exposures within the portfolio and can adapt to individual investor needs.
Our Approach
Our approach has two main pillars:
1. Proprietary ESG
Sovereign Risk Model
We have developed a proprietary framework for assessing and scoring the countries in which we are active against ESG-related factors. These factors may have an increasing impact on cross-border capital flows over time. Our internal sovereign ratings provide us with additional context for our medium-term macro view for each country. Since short-term capital flows are heavily impacted by changes in medium- and long-term macro views, we believe that tracking and monitoring these factors may also have implications for our short term trading strategies.
Diversity & Inclusion
Modular seeks the best talent for its team, regardless of nationality, ethnicity, gender, religion, sexual orientation, age or disability. We believe in the value of diverse perspectives and strive to create an environment in which all our people can thrive.
We abide by Singapore’s Tripartite Guidelines on Fair Employment Practices and have signed the employer’s pledge for Fair Employment Practices.
Corporate Social Responsibility
Modular has a strategy for its long term support of social causes. We also encourage all our employees to be aware of local and regional social challenges and to devote themselves to projects that help address those challenges through the commitment of their time as well as through financial donations.
We have supported EMpower, an organisation which supports marginalised young people in developing countries as well as Synchronicity Earth which supports conservation projects around the world to protect endangered species.
