The desire for investors to receive profit with purpose was one of the central themes explored at the 2019 Cayman Alternative Investment Summit (CAIS). The Hedge Fund Law Report recently interviewed CAIS panelist Asha Mehta, portfolio manager and director of responsible investing at Acadian Asset Management, a quantitative investment manager that invests globally across the equities markets and incorporates environmental, social and governance (ESG) considerations into its investment process as return-seeking and risk-mitigating factors. This article presents Mehta’s insights on the evolution of the meaning of responsible investing; common categories of ESG criteria and the steps being taken to standardize those concepts; the tools available to fund managers to gather ESG data; challenges currently facing fund managers employing ESG criteria into their investment decision-making processes; and the impact that the responsible investing movement is having on the investment management industry. See our two-part series on responsible investing in the hedge fund industry: “Past, Present and Future” (Nov. 10, 2016); and “Designing an ESG Investing Policy” (Nov. 17, 2016).