Risk

“The pandemic crisis now rests on a fulcrum. On one side is Covid-19 and every possible action that might prevent people from contracting and dying from infection. “On the other…

Is 2020 the watershed year when the world begins to understand the concept of systemic risk in our interactions with the natural environment? What explains the recent drumbeat of headlines…

Governments around the world have deployed massive stimulus to battle the economic effects of COVID-19. And as economies reopen, there is a fear of rising consumer prices. As a result,…

A few months ago, the Gordon and Betty Moore Foundation and SRI-Connect approached my employer Liberum to write a report on how animal pandemics can affect the global food system…

“Meme stocks” are a risky bunch. Prone to wild and unpredictable swings based on rumors and internet message board discussions, they are traded mostly by retail investors in search of…

Central banks took a huge leap on the road to direct market intervention in 2020. All developed market central banks added direct purchases of corporate bonds to their quantitative easing…

The environmental, social, and governance (ESG) fund industry reached a crossroads on 26 August 2021. That day, investigations by the SEC and the German regulator BaFin into allegations that Deutsche…

Environmental, social, and governance (ESG) considerations are not always as black and white as many anticipate. Take, for example, the recent trend of large extractive companies selling off carbon-intensive assets,…

“It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment.“ While special-purpose acquisition companies (SPACs)…

“Asset prices should equal expected discounted cashflows. Forty years ago, Eugene Fama (1970) argued that the expected part, ‘testing market efficiency,’ provided the framework for organizing asset-pricing research in that…