Limits to asset manager adaptation
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Published version
Date
2024-08-27
Authors
Condon, Madison
Version
OA Version
Citation
Condon M. Limits to asset manager adaptation. Finance and Society. 2024;10(2):199-204. doi:10.1017/fas.2024.5
Abstract
In Our Lives in Their Portfolios, Brett Christophers provides an account of the rise of ‘asset manager society’ – a world in which the infrastructures of public life are converted from public to private ownership. Here I use Christophers’ analysis to comment on growing calls for asset manager investment in climate adaptation. The asset manager business model requires ever-escalating returns, a poor fit with the now unavoidable losses that climate change promises to bring.
Description
License
© The Author(s), 2024. Published by Cambridge University Press on behalf of the Finance and Society Network. This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution and reproduction, provided the original article is properly cited. This article has been published under a Read & Publish Transformative Open Access (OA) Agreement with CUP.