Mark Neuman, CIO and founder of Constrained Capital, speaks to Value Walk on the details of his ESG Orphans basket and elaborate on why he thinks ESG has failed. “I don’t think society is better off. The massive amount of risk versus returns is not that worth it. If you take out Big Tech’s contributions to ESG funds, the ESG funds are underperforming. Additionally, many of those tech companies are not ESG-worthy investments. That is where the misleading aspect of this has shown itself the most,” says Neuman.