Stanley Fink, the former chief executive of the world’s largest hedge fund company Man Group, has today announced the launch of a new investment firm designed to focus exclusively on environmentally friendly investments.
Speaking at the launch of Earth Capital Partners LLP (ECP), Fink, who stepped down as deputy chairman of Man Group after 21 years at the company earlier this year, said that the new venture would adhere to stringent green investment guidelines while still delivering competitive returns.
“Our objective will be to deliver attractive returns by investing in projects, companies and financial instruments, which address sustainable development challenges, such as climate change, water scarcity and energy security,” said Fink, who has taken the position of chairman of the new group. “Sustainable Development – “meeting the needs of today without jeopardising the ability of future generations to meet their needs” – is at the heart of our model.” Read more
Source: Business Green
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