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Proxies for risk capital are dipping, with long-term implications for financial market returns. The question is whether this will be a repeat of the Covid Crash or a repeat of the Tech Wreck.
Regulators won’t be able to scrub out environmental, social and governance (ESG) ‘greenwashing’ in the investment industry, according to influential US finance academic, Aswath Damodaran. In a blistering attack on the ESG investing sector last month, Damodaran says greenwashing – or falsely marketing funds as sustainable (or the like) – is an indelible feature of…