Posted on 03/23/2007 12:54:25 PM PDT by Shermy
LONDON: Man Group, the world's largest publicly listed hedge fund manager, will introduce funds seeking to profit from so-called green investments like carbon-emissions credits, said Stanley Fink, the outgoing chief executive of the company.
< snip >
"While the science of global warming is quite scary, there are opportunities there."
Man, which oversees more than $60 billion in hedge fund assets worldwide, joins hedge fund managers like GLG Partners in offering clients the possibility of making money while helping the environment at the same time.
"You should expect a stream of funds from us in the next three of four years from an internal task force that we've labeled Green Man," Fink said.
He said the funds would trade permits for carbon dioxide emissions, which offer a less-expensive way for corporations to reduce their so-called carbon footprints — the amount of carbon released into the atmosphere by their activities.
"While it's possible to stop certain carbon-emitting activities through taxation, that is a blunt instrument," Fink said.
The funds could offer returns of 10 percent to 15 percent, and the response from potential investors "seems to be quite favorable," Fink said.
The funds would keep investors' money in for "reasonably long" periods, he said.
(Excerpt) Read more at iht.com ...
And the carbon barons will quickly get one-way tickets to elsewhere, with all that carbon money safely in offshore accounts, and...no forests of trees and no measurable benefits will be found. At that point, you won't be able to sell a carbon credit for a penny.
You sure about that? Here's some stuff from Generation Investment Management LLP, the company he co-founded:
• Sustainable development will be a primary driver of industrial and economic change over the next 50 years
• The global context for business is clearly changing—"Capitalism is at a Crossroads"
• Shareholders will be best served by companies who maximize their financial return by strategically managing their performance in this new economic, social, environmental and ethical context
Poverty Penalty: As pointed out by C.K. Prahalad in his book, Fortune at the Bottom of the Pyramid, the current economic system makes it more expensive for people living in poverty to access goods and services to fulfill basic needs. Given the growing chasm between rich and poor, the current financial system disproportionately penalizes the poor. Below is an example of what Prahalad calls the ‘poverty premium’ or, perhaps more appropriately, the ‘poverty penalty'...
A capitalist system which disadvantages the poor in this way is flawed because it is based on an assumption that all poor people have an extremely high level of credit default risk. It also overlooks the fact that the poor already live a “dense life of economics” and often have a deeper sense of financial responsibility than the average person. This misconception also leaves room for companies that can operate cost-effectively to capture scale advantage in viewing the poor as able market participants rather than as victims.
Thematic Research Highlights, Pgs. 28-29
His company also states that water is a basic human right. Read the book!! Sounds Socialist to me.
Just another layer of middlemen to cost everyone else money.....
I Hope the Global Warming Dogmatists stew in their own waste...
In other words, "we know carbon credits and global warming are a scam, but we intend to make as much dough from it as is humanly possible".
You give them $1,000 of your hard earned money and they will buy a tree at the local nursery for $120 and plant it. It's a great scam and great work...if you can get it.
And whose company holds a boatload of stock in these Green Companies? I'll give you 3 guesses and the first two don't count. But his initials are Al Gore.
I'm selling carbon credits.
For the small sum of $1,000.00 I will not cut my lawn until July 1st, 2007.
Unless you have at least 11 million in the bank...they want let you play.
---This should be investigated by the AG immediately. Oh wait...---
Good catch!
It looks like Al is storing carbon in his cheeks.
Maybe I could make enough money investing in carbon credits to buy a Hummer? That would be nice.
nah your truck is prolly way nicer ~P~
When the apocalypse comes he'll have plenty of fat stored up in his belly and nuts stored up in his cheeks.
In this case you grow a hedge and fools pay you to do it.
If I put the cost of a Hummer into it it would be. Right now it's a rusting hulk. It does have a bigger carbon footprint though.
Bump!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
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