Jeremy Grantham, co-founder and member of the asset allocation team at GMO, has issued a stark warning to portfolio managers and investors to protect "our species" as well as their portfolios from the impact of climate change in a report entitled 'The Race of our Lives Revisited'.
Grantham added in the report the continued use of fossil fuels to sustain the predicted 11 billion people on earth by 2100 would destroy the planet. The co-founder said the complete decarbonisation...
Latest edition of the print magazine online
Latest news and analysis
Creates a firm with £450m AUM
What made the headlines in the sector over the past 12 months?
Offshore version launched in April