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No climate ‘Minsky Moment’ for diversified investors

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

No climate ‘Minsky Moment’ for diversified investors

Financial markets periodically experience what Paul McCulley of PIMCO dubbed a ‘Minsky Moment’ — that is, a collapse in asset values caused by overconfidence and excessive risk-taking. Named after economist Hyman Minsky and first used to describe the 1997 Asian financial crisis, these events are characterised by their speed, scope and synchronicity. The 2008 global financial crisis is another example…

Sector review: Global sustainable funds

Navigating the seas of responsible investment (RI) over the past few years hasn’t exactly been plain sailing. Many would agree that, as an industry, we could have taken advantage of the opportunity of RI’s Golden Era in 2019/20 to better inform investors about the inherent characteristics and biases of these investments. Instead, an easier, more appealing narrative was often shared:…

Newton IM cuts global head of sustainable investment role

Further cuts have been made at Newton Investment Management including the role of global head of sustainable investment and several fund manager roles.  The group confirmed Therese Niklasson, global head of sustainable investment, has left the group and confirmed her role will not be replaced.  “We can confirm Therese Niklasson will be leaving Newton Investment Management,” a statement said. ”Sustainable…

UK government ‘risks fundamentally destabilising the planning system’

The government has announced plans to reform housebuilding in the UK, including the launch of a consultation on Biodiversity Net Gain (BNG) rules for small site developments. BNG was designed as a way of creating and improving natural habitats by making sure developments have a measurably positive impact on biodiversity, with developers required to deliver at least a 10% uplift in…