Standards & Culture
Responsible Investing – Environmental, Social and Governance (ESG)
DDJ is a signatory of the UN-supported Principles for Responsible Investment (UNPRI). Further information regarding DDJ’s signatory status and the Principles for Responsible Investment can be found at www.unpri.org. DDJ has also developed a Responsible Investment Policy and is committed to integrating ESG risk factors into its investment process, which entails a bottom-up fundamental approach to each investment opportunity. A copy of DDJ’s 2016 UNPRI Transparency Report can be found here, as well as on the UNPRI website. The primary objective of the report is to enable signatory transparency on responsible investing activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders. At DDJ’s client conference in April 2016, DDJ assembled a panel that discussed the different ways that an investor can incorporate ESG risk factors into their investment process, as well as DDJ’s approach as an investment manager pursuing fixed income investment strategies. A copy of the presentation used by the panel can be found here.
Service Organization Control (SOC) Reporting (also known as SSAE 16)
On an annual basis, DDJ undertakes a SOC 1, Type 2 engagement. SOC 1 reports are examination engagements performed by an independent service auditor (CPA) in accordance with Statement on Standards for Attestation Engagements (SSAE) 16, Reporting on Controls at a Service Organization. A Type 2 engagement examines the suitability of the design and operating effectiveness of controls throughout a specified period, which for DDJ covers successive annual periods. Upon request, DDJ provides its SOC 1, Type 2 report to its clients (within such annual testing period).
Global Investment Performance Standards (GIPS)
DDJ adheres to the Global Investment Performance Standards (GIPS). DDJ has registered its claim of GIPS compliance with the CFA Institute and its claim of compliance has been independently verified. Further information regarding GIPS can be found at www.gipsstandards.org.
Certifications and Employee Development
DDJ emphasizes employee development and satisfaction, which we believe fosters a long-term commitment by our employees to the firm. Accordingly, DDJ has adopted a robust professional development program, which encourages and sponsors employees to pursue and maintain relevant industry certifications, such as CFA, CIPM, and IACCP, and degrees, such as an MBA, at accredited colleges and universities. Furthermore, on a yearly basis, DDJ provides its employees with a specific dollar allowance to attend industry or job-related seminars, conferences and webinars.
Culture of Giving
Since its inception in 1996, DDJ has made a commitment to “give back” by supporting charitable organizations in our community and beyond. DDJ has established a dedicated Community Service Committee, which meets quarterly and comprises representatives from multiple DDJ teams. DDJ takes pride in the variety and commitment of its charitable activities as well as the contributions of its employees throughout each year, including:
- Seasonal drives: United Way Thanksgiving Project, Friends of Boston’s Homeless Sock Drop Drive, and MSPCA Nevins Farm.
- Annual donations: Waltham Police and Fire Department, and United Way.
- Annual sponsorship: JP Morgan Corporate Challenge and Children’s Cardiomyopathy Foundation.
- Company-sponsored employee participation: Read-to-a-Child lunchtime program benefiting grade schoolers at a local elementary school, and New England Center for Homeless Veterans Gift-a-Vet Program.
- Employee driven sponsorship: Pan-Mass Challenge bike-a-thon benefiting the Dana-Farber Cancer Institute
In addition, DDJ maintains an Employee Volunteer Time-off Policy, in which employees may use up to eight hours of paid time off per calendar year to volunteer time with a charitable organization of his or her choice.