Work Capital is an asset management and consulting firm formed to prove that investing for financial return and positive social impact is not only possible, but the future of investing. Delivering competitive financial returns as well as social impact across asset classes, Work Capital will demonstrate there can be profit with purpose.
To deliver performance with purpose to investors across all types of investments. To help effectively and authentically grow the impact investing field.
Who we serve
As a mission oriented philanthropic organization, would you like your endowment assets to reflect your cause?
Are you the CIO of an institution looking to divest from fossil fuels, or align your endowment with your constituents' demands?
As a wealth advisor, are you trying to respond thoughtfully to your clients inquiries about investing with impact?
Are you an individual who is confused by all the noise around impact investing and want to know what it really means?
If you answered yes to any of these questions, we are here for you. Want to speak to a member of our team? Please click here, we are happy to help!
New entrants and traditional asset managers continue to flood into the field of “impact” and ESG/SRI investing. This growth is in response to a market demand from a cross section of investors, both individual and institutional. There is ramped up media coverage of this type of investing due largely to a big demographic shift with millennials and women as asset holders, and pensions and institutions understanding their long-term responsibility to their constituents. Our goal is to create and distribute investment solutions that first are thoughtful, rigorous, and properly constructed with performance in mind at the forefront. We will work with teams and managers that think, like we do, that investing with an eye for return and positive social impact are not mutually exclusive. In fact, we believe if done properly and with discipline, using social and non-financial criteria to analyze companies can produce better long term results for a portfolio.
As an emerging, female-led and employee-owned asset manager, Work Capital brings institutional investment experience and authenticity to the ESG and impact investing industry. With experience managing assets and distributing products at some of the world's largest financial services firms, our team has a proven process in generating financial performance and raising capital. Our infrastructure partner, AlphaOne, provides access to the best risk management and trading systems available. This architecture enables us to combine the entrepreneurial independence of an emerging manager with the institutional rigor and infrastructure of an established market leader.
Chief Executive Officer
Prior to founding Work Capital, Allyson held senior positions in asset management, philanthropy and impact investing at firms including Goldman Sachs, Fidelity Investments, and the Clinton Foundation. With a passion for investing in women and girls, Allyson is an owner and former Global President of Ellevate Network, a board member of the Morgan Stanley GIFT and SHAUN Foundation for Girls and advisor to Komera.org
Chief Investment Officer
A co-founder of Work, Jason is the architect of the Large Cap, All Cap and thematic investment framework. An accomplished thought leader and author, Jason has advised on over $3 billion in ESG and impact investing assets, most recently at U.S. Trust. Formerly, Jason led the community investing team at Lehman Brothers and headed the investment committee as a board member for the Hitachi Foundation.
Mackenzie is leading the business development strategy and function at Work. Passionate about leveraging the capital markets to create social and environmental change, Mackenzie was most recently the Regional Director for ImpactAssets. Formerly, she held positions at the Acumen Fund based in East Africa, New York Life / MainStay Investments, and the Clinton Foundation. Mackenzie is on the Young Professionals Board for AMREF Health Africa.
Chief Operating and Compliance Officer
Donald O’Hara has more than 20 years of investment industry experience supporting the operations and accounting of hedge funds, fund of hedge funds, institutional separate accounts, SMA wrap products, and mutual funds. Prior to joining AlphaOne and Work Capital, Mr. O’Hara was the Controller for Reliance International Research, the investment advisor to the Reliance Management family of alternative investment vehicles. While at Reliance International Research, he helped develop an international, institutional operating structure which supported the accounting, performance reporting, and investor servicing for various hedge fund strategies. Before joining Reliance International Research, Mr. O’Hara was Senior Performance Analyst for CMS Companies, where he managed performance reporting and operations for various private equity and hedge fund of fund products. Preceding CMS Companies, Mr. O’Hara assisted in establishing the operations structure for Gartmore Global Investments. He has also spent many years in back office operations and accounting at Brinker Capital and SEI Investments. He holds a MBA in Finance from Villanova University and a BS in Economics from Pennsylvania State University. He holds FINRA licenses: Series 7, 24, and 63.
Senior Operations Analyst
MaryBeth McLallen serves as Senior Operations Analyst for AlphaOne and Work Capital. Prior to joining AlphaOne in January 2010, Mrs. McLallen spent nine years at Redstone Investors, LP as an executive assistant. Previously, she was an administrative assistant at Morgan Stanley. Ms. McLallen received a B.S. in Management Systems in 2000.
Jr. Operations Analyst
Mila Nikolic joined AlphaOne and Work Capital in May this year and serves as a Jr. Operations Analyst. Prior to joining, Mila spent four years at Key Bank as a Lead Teller. Ms. Nikolic received a B.S. in Finance in 2007 from the West University of Timisoara, Romania.
Modern Portfolio Theory and traditional financial analysis is insufficient. To satisfy today’s investor and create thoughtful portfolios that support meaningful change, a new multi-dimensional approach to “value” is required. The largest component of a publicly traded company’s balance sheet is its intangible value. Only through thoughtful management of Human Capital, policies around Sustainability and proactive Societal Engagement can a company truly harness the power of its intangible value. Work Capital leverages a proprietary 400 Factor Model to evaluate the environmental, social, and governance performance of each company in order to uncover competitive advantage and value.
Benefits and Opportunities
Advancement, Training, and Retention
Supply Chain Engagement
Emissions, Effluents, and Waste Reduction Programs
Energy Mix and Efficiency
Supply Chain Engagement
Employee and Community Support
Policies on Impact
Supply Chain Engagement
Work Capital strives to deliver institutional quality U.S. Equity portfolios with impact and financial alpha by leveraging our proprietary quantitative impact scoring framework. Work is attempting to shatter perceptions and notions that impact investing is qualitative and return reducing. Through insightful and rigorous analysis wrapped inside a repeatable and scalable framework, Work Capital strives to be the answer that thoughtful investors have been seeking. In addition to our best in class Large Cap and All Cap strategies, Work Capital has five thematic strategies for investors with specific focus areas. The foundation of our proprietary 400 factor framework are these three pillars.
SEVEN U.S. EQUITY STRATEGIES
The Work Capital Large Cap/All Cap Strategies begin with all the companies in the S&P 500/S&P 1500 and reviews 400 propriety quantitative social and environmental raw data points and aggregates the data into two distinct sections: policy review, to measure corporations’ policies and disclosures, and performance, as it relates to their published policies. That data is then further divided into the three pillars, human capital, environmental stewardship, and community engagement. Once the list of socially and environmentally approved companies has been determined to be fundamentally attractive, an optimizer is utilized for portfolio construction.
The Work Capital Gender Equality Strategy analyzes corporations’ policies and actions around equality, fair pay practices, diversity and inclusion and social and economic justice. The result is a U.S. equity portfolio comprised of high quality securities that have been positively screened and quantifiably identified as best-in-class in terms of consistency with principles of equality and economic security criteria per our multi-factor model. The model is designed to review corporations for management practices relating to equality, social justice, anti-discrimination, labor practices, and negative media portrayal of women and girls.
The Work Capital Green and Green Ex-Fossil Fuels Strategies analyze corporations’ policies and actions around promoting a sustainable environment where humans and the natural world are in balance. The process selects companies with a strong commitment to measuring, reporting, and reducing their environmental impact, particularly in the areas of: carbon footprint reduction and mitigation, energy and resource efficiency, clean technology and renewable energy, recycling corporate waste, and land preservation. The Green Ex-Fossil Fuels Strategy does not hold companies that extract and/or use carbon to produce energy.
The Work Capital Faith Focused Strategy analyzes corporations’ policies and actions for consistency with the tenets of religious faith. The investable universe is reviewed for compliance with faith-based values, such as: protecting human life, promoting human dignity, reducing arms production, pursuing economic justice, protecting the environment, and encouraging corporate responsibility. This list of Faith Focused companies is then screened for traditional fundamental characteristics and is constructed using an optimizer with rigorous rules based rebalancing and sell discipline guidelines. The portfolio can be customized to align with specific client’s faith directives whether it be the avoidance of certain sectors or products or the embracing of practices and attitudes that are reinforcing of the faith based principles.
The Work Capital Social Justice Strategy analyzes corporations' policies and actions around equality, social justice, and the demonstration of support for diverse communities. The result is a U.S. equity portfolio comprised of high quality securities that have been positively screened and quantifiably identified as best-in-class in terms of consistency with social justice criteria according to our multi-factor process. The model is designed to review corporations for management practices relating to equality, social justice, anti-discrimination, labor practices, and support for LGBTQ rights.
The Work Capital Heron U.S. Community Investing Index™ is a separately managed account that aims to replicate Heron’s U.S. Community Investing Index™ (“USCII”; Bloomberg Ticker: CMTYIDX), an index of publicly traded companies designed to identify those that contribute positively to the communities in which they source, operate, and sell. Heron developed the index in 2005 to try to understand how large companies contribute to, or detract from, Heron’s mission to help people and communities help themselves out of poverty. Heron and its research partners use a rigorous methodology to try to identify a company’s “net contribution” or the aggregate effect of an enterprise on communities.
Large Cap/All Cap
Principles of Faith
Diversity and Inclusion
Green / Ex-Fossil Fuels
Inputs, Throughputs, Outputs
contact us for more information or partnership
As it is our mission to grow the field of investing for return and social impact, we partner with like-minded organizations and other asset managers for the sake of joint thought leadership, distribution opportunities, co-investing and other partnerships.
125 Summer St. Suite 1810, Boston, MA 02110
2113 Middle St. Suite 210, Sullivan's Island, SC 29482
AlphaOne Capital Partners
789 Lancaster Ave, Villanova, PA 19085