Carsten Stendevad

Co-Chief Investment Officer for Sustainability
Carsten 3

Carsten Stendevad joined Bridgewater in 2017, and serves as Co-CIO for Sustainability, overseeing Bridgewater’s overall sustainable investing efforts including the design and oversight of investment solutions with both financial and sustainability impact objectives. He is also a member of the Operating Committee and co-chairs the firm’s Sustainable Investing Committee. Carsten is a Board Advisor to GIC and their Investment Strategies Committee, a Board Member of Novo Holdings, and a Board Member of the Danish Recapitalization Fund.

Prior to joining Bridgewater, Carsten served as the CEO of ATP, Denmark’s national pension plan, where he was responsible for all investment-related activities and chaired the Investment Committee. Previously, Carsten was a Managing Director in Citi’s Investment Banking Division in New York, with global responsibility for Citi’s corporate finance advisory team. Earlier in his career, Carsten was a Consultant at McKinsey & Company and an Analyst at the Central Bank of Denmark. Carsten served on the Global Steering Committee for the Blended Finance Taskforce, and on the Danish Committee for Corporate Governance, where he led the development of a Stewardship Code for institutional investors. Trained as an economist from the University of Copenhagen, he also holds a Master of Public Policy from the Harvard Kennedy School of Government.

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More from Carsten Stendevad
December 2, 2021
As part of the Brookings Institutions’ “17 Rooms” podcast series, Co-CIO for Sustainability, Carsten Stendevad discusses the role institutional investors can play in the fight against forced labor and modern slavery, and the project he is co-leading to bring together leading global modern slavery experts to develop reliable forced labor risk data for institutional investors to use in their investment processes.
November 19, 2021
Daniel Hochman, Josh Lewin, Eric Hubble, Karen Karniol-Tambour, Carsten Stendevad
The transition to green energy will be an increasingly important driver of economies and markets. In this research, we stress test the impact on investor portfolios of four broad mechanisms that could accelerate the climate transition.
September 14, 2021
At Top1000Funds Sustainability in Practice Digital, Co-CIO for Sustainability Carsten Stendevad and PGGM’s Jaap van Dam discuss the need for more clarity and better communication in sustainability.
July 14, 2021
Karen Karniol-Tambour, Carsten Stendevad
At Bloomberg’s Sustainable Business Summit Global conference, CIOs for Sustainability Carsten Stendevad and Karen Karniol-Tambour discuss Bridgewater’s systematic approach to building portfolios that incorporate sustainability goals.
May 24, 2021
Karen Karniol-Tambour, Carsten Stendevad, Daniel Hochman, Nikunj Jain
We believe it is possible to build an equity portfolio that meets high sustainability standards without materially changing its return profile.
May 13, 2021
In an interview with Top1000Funds, Co-CIOs for Sustainability Karen Karniol-Tambour and Carsten Stendevad discuss how Bridgewater is deploying its systematic research process to meet the challenges of investors who are seeking to build portfolios that pursue return and impact-oriented goals.
May 29, 2020
Karen Karniol-Tambour, Daniel Hochman, Charlie Woodlief, Carsten Stendevad
As macroeconomic investors, we focus on questions about the impact of climate change on the major economies around the world. There is considerable uncertainty regarding the physical impacts of climate change on economies; as we surveyed expert views on the topic, we found a wide range of plausible outcomes for investors to consider. While the physical impacts of climate change will take years to play out, the economic and market impacts of policy choices or other human responses to climate change are likely to take place much faster.
September 2020
Karen Karniol-Tambour, Carsten Stendevad, Daniel Hochman, Jacob Davidson, Brian Kreiter
Our approach to building a scalable, strategic asset allocation using assets aligned to the UN Sustainable Development Goals.
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