Last month was the 50th anniversary of Milton Friedman’s influential report titled ‘The Social Responsibility of Business is to Increase its Profits’, a mantra often heralded as the basis of the capitalist model used globally since, and now quite widely criticised as a cause of social inequalities and environmental externalities. The concept, as we are all aware of, was that business leaders should focus on creating as much value as possible for the owners of the company rather than on improving outcomes for a broader set of stakeholders.
QUAERO CAPITAL has recruited Sophie Bigeard as Head of Multi-Asset Strategies for its French subsidiary Quaero Capital (France) SAS. She will be in charge of developing and managing Multi-Asset mandates for French institutional clients. Before joining QUAERO CAPITAL, Sophie Bigeard was Head of UCITS Analysis and Selection for the OFI Group.
QUAERO CAPITAL has hired Eric Daniel as Fund Manager. Supported by two dedicated analysts, he is in charge of managing the Global Convertible Bonds strategy launched in May. Prior to joining QUAERO CAPITAL, Eric Daniel was a Partner with London-based alternative asset manager Tyndaris, where he co-managed a similar fund.
California seems to be in the eye of the storm at the moment when it comes to the impacts of climate change. Images of yellow smoke-filled skies are proliferating news sources and social media, the result of wildfires that are seasonal for the state due to hot and dry weather, but that this year have burned through over 5 million acres already, worse than any year in the history books. The season for wildfires usually continues until December and may continue to force people to stay at home due to the air quality, further impacting businesses already reeling from the restrictions imposed by COVID-19.
Cette chronique de Jean Keller est parue dans Le Temps du 24 août 2020. Lire l’article en PDF.
L’extrême concentration actuelle de la gestion d’actifs a de nombreux effets néfastes, comme une volatilité accrue, un risque systémique non négligeable et une standardisation des produits. A l’heure où elle cherche à promouvoir l’asset management suisse, notre place financière devrait donc plutôt privilégier le modèle de la « boutique ».
We have written about renewable energy and the energy transition in Europe, the US and China. Today we look at Japan, where multiple factors collude to result in government policies that support a slower transition towards green energy, a source of frustration for many and garnering criticism.
In this interview published in Value Investor Insight‘s July edition, our fund managers Philip Best and Marc Saint John Webb explain how they try to stay “willfully open-minded” and how they sift through Europe’s small-company universe to find undiscovered gems.