Have you read Larry Fink’s 2019 Letter to CEOs? It’s encouraging. And yet… I have a challenge for him. First, the positives. In 1994 Tomorrow’s Company, the think tank of which I was CEO for many years and now remain a trustee, … Continue readingLarry Fink’s 2020 letter to investors gives us more questions than answers
‘The active (fund) management industry does not add value after fees’ says Stuart Dunbar of Baillie Gifford according to The Financial Times. This is a plea to the industry to get back to the fundamentals of long term investing’. And he adds that, except … Continue readingShort termism: is the message getting through?
Why are so many investment experts so blind ? It has to be the way they are educated. (Funds fail to insulate against climate risk,FT, Monday November 5th.) Only 5% of the UKs biggest corporate pension funds have a policy on climate change, according to … Continue readingWhy are so many investment experts so blind?
Here’s one asset manager willing to argue that chasing the short term is against ordinary savers’ interests. ‘The chasing of short term past performance is costing institutional investors anywhere between 80 to 150 basis points a year’ Carol Geremia of MFS Investment Management told … Continue readingThe asset manager who argues against chasing the short term
According to the Economist, in the USA there is a growing trend for listed companies to be taken private. If the listed company is yesterday’s company what is tomorrow’s? Apparently there is $1.1tn in ‘dry powder’ with Private Equity looking for the right investment. … Continue readingIf the listed company is yesterday’s company, what is tomorrow‘s?
I’m in Singapore, working with Stewardship Asia, that impressive organisation with which Tomorrow’s Company has been proud to be a Research Partner for nearly five years. Gathered in the same hotel that will, I understand, next week be hosting the Korean summit were 200 … Continue readingStewardship in disruptive times
An eight trillion dollar investment for stewardship and impact funds could be coming our way – has your financial adviser noticed? According to Gillian Tett in the Financial Times three-quarters of millennials in the USA put a high priority on social goals when they invest compared … Continue readingCould millennials make a multi trillion dollar investment in stewardship and impact funds?
This letter appeared in The Financial Times on February 10th, 2001 When Oscar Wilde described a cynic as a man who knew the price of everything and the value of nothing, he was using the word “value” in its proper sense. The authors of … Continue readingA Wildean view of M&S shareholder value
A new strain of MRSA in the food chain is worrying. Guardian Sustainable Business has recently reminded us of the threat to health posed by the industrial use of antibiotics in food production creating antibiotic resistant strains of bacteria that are a threat to animals … Continue readingThe future of food and energy – investors hold the key as much as any other player 29th June 2015