The Alternative Investor – December 2023 Edition

The latest edition of the Alternative Investor is out today, in which we look the recent goings on in the private markets space and also, with COP28 drawing to a close, how financial initiatives can help shift the world to a low carbon economy, with PwC, Marex, Vuelta Carbon and Forestry Linked Securities all writing.

Alternative News

Over the last month, we have seen equity hedge funds shine, while systematic funds have struggled; we have had the UAE announce a $30bn climate focused fund, further record fundraisings and the Norwegian SWF turn to private equity. We look at goings on at The Carlyle Group, real estate activities, yet more UAE moves, fund evolutions/ transitions/ closures and an imminent change to the hedge fund order, plus much more.

A balance like no other…

  • Ian Milborrow, Partner, Sustainability, PwC UK, writes about Article 6 and how it will open up new possibilities to invest in emission reduction projects.
  • Dr Guy Wolf, Global Head of Market Analytics at Marex, looks at the role of technology and innovation in enhancing the voluntary carbon market.
  • Simon Crooks & Lee Bostock, Founding Partners, Vuelta Carbon, focus on the compatibility of financial returns and climate action.
  • We wrap up with Charlie Sichel, Managing Partner, Forestry Linked Securities on forestry as a critical asset class and a core building block in sustainable business models.

Letter from America

Prosek’s Mark Kollar has once again outdone himself in his ‘seasonal’ Letter from America, in which he looks at the rise of Florida, not only for those managers and investors temporarily escaping the cold of New York and Greenwich, but also for those who are looking for a more permanent base, with Palm Beach County alone supporting nearly 74,000 jobs in finance.

Regulatory Update

It is rarely quiet in the regulatory space, with RQC Group writing on the FCA’s sustainability disclosures, guidance principles for ESG, IFPR improvement and the implications of the UK’s conduct and accountability regime for financial service personnel. In the US, RQC looks at SEC and CFTC enforcement actions and the SEC charging the CCO of an investment adviser firm with multi-year fraud.

Looking Ahead

In our January edition, we will look at some of the themes that have seen during the course of the past year and also look ahead at what 2024 may have in store for us.

The Alternative Investor