Articles by Simon Jessop and Tommy Wilkes

AXA’s Investment Arm to Divest Oil and Gas Climate Laggards After Three Years

GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction plans were not …

ESG Industry Booms but Investors Worry Risks Are Piling Up

LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of Sasja Beslik, head of sustainable finance at Swiss bank J. Safra Sarasin, as demand surges for companies that perform well …

Devastating S. Asia Floods Kill 1,400, Expose Lack of State Planning for Monsoons

The most devastating floods to hit South Asia in a decade have killed more than 1,400 people and focused attention on the poor planning and lack of preparedness for annual monsoon rains, as authorities struggle to get aid to millions …

As Hedge Funds Cater to Insurers and Pensions, Rich Investors Turn Away

Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave. The fastest growing source of new money for hedge funds is …