PGLRE #50: Quantifying the Impact of ESG on Real Estate Investing with Marjorie Tsang
On episode 50 of Pretty Girls Love Real Estate, I chat with Marjorie Tsang, former Investment Manager for the New York State Employees' Pension Fund, controlling approximately $175B of assets under management during her tenure.
During our conversation we discuss:
-How large institutional investment funds think about asset allocation and evaluate opportunities for the portfolio
-Defining E.S.G. and how Measurabl is quantifying the environmental footprint of new real estate developments
- Seizing opportunities to create diversity in real estate from other perspectives than race and gender
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Full Bio:
Marjorie Tsang is an institutional investment executive and attorney who continues to serve the needs of asset owners, retirees and pension fund members. She advises and supports professionals with fiduciary responsibility.
Marjorie was appointed to the board of Measurabl in 2020 and serves on the Audit Committee. She served as a board member of the USAA Real Estate Company from 2017-2020. Marjorie is NACD Directorship Certified.
As an executive investment officer at the New York State Common Retirement Fund, the third largest public pension fund in the United States, Marjorie was the Assistant Comptroller for Real Estate Investments from 1999-2011, with investment and asset management responsibilities for the Fund’s $9 billion Real Estate portfolio. She served as the Interim Chief Investment Officer the following year, before covering strategic initiatives including the Real Assets portfolio, asset allocation and launching the pension fund’s Environmental Social Governance program.
Marjorie was a Visiting Scholar with the Johns Hopkins University School of Advanced International Studies on issues relating to financing climate-resilient real assets projects worldwide, an initiative on behalf of the UN Secretary-General. Marjorie co-authored The Paris Climate Agreement: How Real Asset Owners Can Position Themselves for the New World of Climate-Smart Investment Opportunities; PREA Quarterly, 2016 Winter edition. She is a frequent panelist or moderator of Diversity, Equity & Inclusion workshops and Climate Risk programs. In 2018, she received the CURE Founder's Award for Excellence in Diversity in Commercial Real Estate. Marjorie was recognized as the 2013 Woman of the Year by WX: New York Women Executives in Real Estate. She received her BA from Yale University and her JD from Columbia Law School.
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