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Two NYU Stern Teams Among Finalists in Morgan Stanley Sustainable Investing Challenge

Morgan Stanley Investing Challenge 2015
Two teams from NYU Stern were among the 10 finalists in the Morgan Stanley Sustainable Investing Challenge, which seeks to develop institutional-quality investment vehicles that produce positive environmental or social impact in addition to competitive financial returns. The Stern finalists were selected from more than 125 teams from around the world who submitted prospectuses for the competition. Other finalist teams came from the College of Business at San Francisco State University, Haas School of Business at UC Berkeley, INSEAD, Kellogg School of Management at Northwestern University, London Business School, National University of Singapore, Rotman School of Management at the University of Toronto and Yale School of Management.

The Challenge was held at Morgan Stanley’s offices in Canary Wharf, London. Teams presented their ideas in front of judges from AXA Investment Managers, Earth Capital Partners, Herrington & Sutcliff, Mercer Investment Management, Morgan Stanley Sustainable Investing, Orrick, Social Finance UK, Triodos Bank, UBS Wealth Management and Water Asset Management.

Stern MBA student Mac Thayer presented his plan for the Million Ton Carbon Capture Fund, which would provide liquidity and project financing to US Carbon Capture and Storage projects by designing a market-based brokerage system for carbon capture tax credits. Stern’s second team, composed of MBA students Zimu Cao, Anand Gopalan, Doris Lo and Derek Riemenschneider, presented their plan for GreenTop Capital, which would aim to raise a $20 million fund to construct and manage 30 leased greenhouses in 3 major metropolitan areas in the United States.