Trillium Asset Management hires Calvert’s sustainable investment strategy head Hilton

Well-known industry figure joins smaller rival

US sustainable investing specialist Trillium Asset Management has hired Calvert Investments’ Vice President and Director of Sustainable Investment Business Strategy, Paul Hilton.
Trillium, which has around $1bn in assets under management, said in a statement that it has hired the 15-year SRI veteran as a portfolio manager. Hilton, a well known figure and commentator in the industry, is a former Treasurer of the United Nations Environment Programme Finance Initiative (UNEP-FI) and a former co-chair of its Asset Management Working Group.
He was co-project lead on an influential UNEP-FI report on fiduciary responsibility and integrating ESG (environmental, social and governance) factors into institutional investment. Hilton also sits on the board of the Social Investment Forum. Before joining Calvert, Hilton had stints at the Dreyfus Corp. and Smith Barney Asset Management.“Paul has collaborated with Trillium staff over the years on various projects, including the co-founding of the Social Investment Research Analyst Network (SIRAN), and everyone looks forward to having him on the Trillium team,” said Trillium CEO Matt Patsky.
Boston-based Trillium said it has seen “significant growth” in institutional and individual assets over the past year.
“Trillium’s strong performance record and shareholder advocacy victories are generating increasing demand for our services. Having another experienced portfolio manager allows us to effectively manage this growth,” Patsky added.
Hilton said: “Trillium is at the forefront of ESG integration, and I am thrilled to be a key member in helping to chart this evolving course.”
Bethesda, Maryland-based Calvert is part of the Nebraska-based UNIFI group and has around $14.5bn in AUM.