Asset consultant Watson Wyatt has recommended that its global clients suspend their securities lending programmes if they have any doubt about their arrangements with lending agents.
One of the great things about hedge funds is that they have provided a field day for academic researchers to write scholarly articles on their risks and returns. Yet, for all of this scholarship, a practical roadmap to hedge funds has remained elusive.
Until now.
BNY Mellon Asset Management sees the financial crisis as a time of opportunity to increase its range of multi-affiliate firms through acquisition, according to its chairman, international, Jon Little.
In early 2007, we started advising clients that we thought the next major investment opportunity would be in distressed securities. As the credit crisis has unfolded and the first ripples of this tidal wave have appeared, we have often been asked for our views on how to structure and fund these types of investments
The drive towards a sustainable, low-carbon economy presents both risks and opportunities for commercial real estate investors. Here, we consider the potential impacts on rental income, capital value and future investment returns.
One year ago, we published Investing in Climate Change: An Asset Management Perspective. We argued that the growing investment opportunities in climate change were driven by long-term mega-trends that would continue into the foreseeable future.
One year on, the absolute necessity to act now to mitigate and adapt to climate change is even more urgent, and the opportunities generated by the sector continue to increase. New evidence has established that carbon in the atmosphere has reached an 800,000 year high (see graph below).
The leading scientific research shows that we are careening towards the tipping point where average global temperatures are likely to rise by 2°C or more. Beyond 450 ppm CO2e, it is increasingly likely that a series of macro-climatic shifts will set up a self-sustaining cycle of rapid global warming. Without significant and immediate action, or some unforeseen miracle, this tipping point stands no more than 15 to 20 years away.