EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

September 2007

Hedge funds: Man’s green stand starts to pay off

Man is the world’s largest hedge fund group, with more than $65 billion in assets. It also claims to be the greenest hedge fund. CEO Peter Clarke tells Helen Avery how alternative investment firms can offer the returns investors want and play a positive role in preventing climate change.


Green finance special section

IF YOU NEED evidence of Man Group’s commitment to combating climate change, try organizing an interview with CEO Peter Clarke. When Euromoney proposes to fly from New York to London to speak to Clarke, it is gently suggested: "How about doing this on a video conference call from our Rockefeller office in mid-town instead? We’ve upgraded our video conferencing capabilities. We’re trying to do as much as we can to reduce the need to fly people around the world. It will save on carbon emissions."

The focus on becoming an environment-friendly organization was championed by Stanley Fink, CEO of Man Group from 2000 until March 2007, when he stepped aside to become non-executive deputy. Thanks to Fink and other trailblazers in the company, says Clarke, "we were early along the curve at seeing the compelling signs of the likely economic impact...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today