Most people think that global warming is something their children or grandchildren will have to reckon with. Robert Gibbins disagrees, and has already made good money betting on European carbon-futures contracts by nathanvardi
November, Robert Gibbins has crisscrossed the globe attending scientific conferences, traveling from his home in Geneva, Switzerland, to Arizona, Spain and Austria. The events had a common theme—climate change—and were well attended by academics, bureaucrats and politicians. One group was conspicuously absent. “I didn’t see any other investors there,” he says.
He structures every bet his hedge fund makes around his belief that the world is skidding toward a future that’s overheated and underwater—and that carbon will be treated as a costly waste product that needs to be captured and stored. Gibbins has already made good money betting on European carbon-futures contracts and expects richer plays to come.
The ski-happy, outdoors-loving son of a Vancouver real estate agent, Gibbins made stops at the University of Pennsylvania and the trading desks of JPMorgan and Lehman Brothers before starting Autonomy. For many countries, he believes, climate change will be a major stress on economic stability. If a country is a basket case now, it’s only going to get worse as the seas keep rising and other fast-paced changes hit.
As he sees it, all sophisticated investors these days have access to the best government and economic data. He travels 150 days a year in the pursuit of an edge and expects the 24 investment pros and economists working for him to do the same. He meets with local bureaucrats, journalists and business executives to gauge how decisions are made and how well local institutions function—and whether they can handle challenges like climate change.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge Fund Titan David Tepper Is Planning to Return Investors’ MoneyHedge-fund manager David Tepper plans to turn Appaloosa LP into a family office managing his personal wealth as he spends more time focused on running the Carolina Panthers football team.
Read more »
David Tepper is planning on converting hedge fund into a family officeHedge fund manager David Tepper is reportedly considering returning Appaloosa Management’s capital to investors and converting it to a family office.
Read more »
David Tepper is the latest hedge-fund heavyweight to go the family-office routeDavid Tepper, often considered the greatest investor of his generation, is preparing to return clients’ money and convert his hedge-fund firm to a family office.
Read more »
Daniel Loeb’s Hedge Fund Wants Centene to Consider Selling ItselfDaniel Loeb’s Third Point has built a stake in Centene and wants the health insurer to consider selling itself before spending $15.3 billion on its deal to purchase WellCare Health Plans.
Read more »
Merlin shareholder wants Madame Tussauds owner to go privateHedge fund ValueAct has urged London Eye and Legoland operator Merlin Entertainm...
Read more »
GOLDMAN SACHS: Buying the stocks most popular with hedge funds has been a market-crushing strategy. Here are the 17 they love the most.The stocks most owned by hedge funds have outperformed the broader market so far in 2019, and Goldman Sachs says they're poised for more gains.
Read more »
Trump administration orders government agency to stop predicting long-term climate change impactsThe Trump administration has told a major US government department to end predicting what the long-term effects of climate change will be on the country.Director of the US Geological Survey (USGS) James Reilly – a White House-appointed former oil geologist – ordered that scientific assessments only use
Read more »
How climate change impacts people of color - CNN VideoScientists say climate change will eventual affect everyone. But in the United States, minority communities are being disproportionately impacted. BillWeirCNN reports from Port Arthur, Texas
Read more »
Analysis | As climate change gets worse, so does Congress’s ability to fund disaster reliefDisaster relief debates are becoming more political, at a time when the country is facing more and more natural disasters.
Read more »
Daniel Loeb’s Hedge Fund Wants Centene to Consider Selling ItselfDaniel Loeb’s Third Point has built a stake in Centene and wants the health insurer to consider selling itself before spending $15.3 billion on its deal to purchase WellCare Health Plans.
Read more »