The emergence of "sustainability natives" with significant financial resources is reshaping the landscape of green investments, despite past greenwashing scandals that have marred the sector's reputation. Giorgio Pradelli, head of EFG Private Bank, emphasizes the potential for sustainable investing to thrive in the future.
Tidjane Thiam, former CEO of Credit Suisse, faces renewed scrutiny over past surveillance allegations while pursuing a political career in Côte d'Ivoire. His tenure at the bank, marked by distrust and controversial decisions, ended amid accusations of mismanagement and a failure to stabilize the institution, which ultimately led to its emergency takeover by UBS in 2023. Despite the challenges, Thiam remains a prominent figure, recently elected leader of the largest opposition party and eyeing the presidency.
Blackstone has launched the BXPE fund, allowing private investors to enter the private equity space with a minimum investment of $25,000. Since its inception, the fund has attracted $6 billion, offering access to diverse strategies and potential annual returns of 12-15%. However, investors should be aware of significant fees and the need for patience, as returns may take years to materialize amid a challenging market environment.
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