How do we recognise climate change as a risk? Bob Litterman discusses asset allocation and climate change with Jason Mitchell.
How do we recognise climate change as a risk? Bob Litterman discusses asset allocation and climate change with Jason Mitchell.
November 2019
Despite the systemic risk it poses, climate change still remains largely outside the scope of traditional financial and asset allocation models. Are incentives like a US carbon price the right answer? And how can markets formally treat climate change as a risk factor? Bob Litterman, co-inventor of the Black-Litterman Model, discusses all this and why climate change is like a flaming truck barrelling toward us.
Recording date: 20.09.2019
Robert Litterman
Robert Litterman is a founding partner of Kepos Capital and Chairman of its Risk Committee. He had a 23-year career at Goldman Sachs where he oversaw the Quantitative Investment Strategies Group in the Asset Management division. He is best known for his work alongside the late Fischer Black resulting in the development of the Black-Litterman Global Asset Allocation Model, a key tool in investment management. He is co-author The Practice of Risk Management and Modern Investment Management: An Equilibrium Approach. Inducted into Risk Magazine's Risk Management Hall of Fame, Bob also serves on the boards including the World Wildlife Fund, the Commonfund and Resources for the Future.
You are now exiting our website
Please be aware that you are now exiting the Man Institute | Man Group website. Links to our social media pages are provided only as a reference and courtesy to our users. Man Institute | Man Group has no control over such pages, does not recommend or endorse any opinions or non-Man Institute | Man Group related information or content of such sites and makes no warranties as to their content. Man Institute | Man Group assumes no liability for non Man Institute | Man Group related information contained in social media pages. Please note that the social media sites may have different terms of use, privacy and/or security policy from Man Institute | Man Group.