Alex Edmans

Reviews of ’The Great Inflation Resurgence’ Lorenzo Codogno from the The London School of Economics and Political Science (LSE) has just published a review of my (with co-author Callum Henderson) book ‘The Great Inflation Resurgence’ in Business Economics. He writes: ‘I thoroughly enjoyed reading this book, which is well-written, engaging, and entertaining. The book does an excellent job of providing an overview of the recent resurgence of inflation in a non-technical yet rigorous manner. It also offers a valuable hint of what may be in store.’ Codogno’s review captures the book’s core messages: how differing shocks and policy responses across the United States, Europe, and Asia drove divergent inflation outcomes, and what we can learn from the 2021–23 inflation resurgence. In the midst of trade frictions and broader geopolitical tensions, the challenge policymakers face in responding to shocks—as we analyze in the book—remains as relevant as ever. I post the review in the comments below. Our book was also reviewed by Susan HayesCulleton CFA, "The Positive Economist" "The Positive Economist" • in Newstalk. I post my talk with Susan in the comments below. 

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It’s a wrap! The 11th Annual CFA Society New York Sustainable Investing Symposium did not disappoint in meeting its mission to further the discourse and thought leadership in Sustainable and Responsible investing, touching on Financed Emissions, the role of AI in Sustainability, the Evolution of ESG Disclosure and the Asset Owner's perspective on all of these themes. A few takeaways and standout comments: • Funding the transition to a low carbon economy is more than just measuring GHG emissions and intensity. Avoided emissions and transition finance present opportunities  • AI is not so much intelligent but very knowledgeable - standardizing unstructured data and using human intelligence to make sense of that data • As ESG disclosure and data proliferate, interoperability across frameworks and standards is key to their application in investment decision making • Even when pursuing profits with a purpose, there are opportunities for compelling risk adjusted returns Thank you to our fantastic speakers and moderators: Matthew Handford, Jamie Lee Mattison, Paul Vozzella, Sarah Wilson, Emma Sabiiti, CFA, CAIA, CFP, Romina Reversi, Andreas Hölzl, Larry Abele, CFA, Steven M. Rothstein, Jeff Cohen, CAIA, Stephanie Potter, Giulia Tischhauser, Marieke Beeuwkes Spence, John Adler, Christine Looney, Chris Thompson, CFA, Leslie Labruto And thank you to our sponsors: ISS ESG, RepRisk, Impact Cubed and Asset Impact!

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🚀 Finance can (and should!) be regenerative In the latest episode of Women Changing Finance, I had the chance to explore how we move from tweaking broken systems to building bold, regenerative financial models that truly serve people and the planet. It was a beautiful conversation with Krisztina Tora - someone I've known for over a decade! 🌍 In the podcast (link in comments) I share lessons from my work across continents — and from Adventure Finance — about creating new investment structures that aren’t just more inclusive, but fundamentally reimagined. 🛠️ We talk practical alternatives to traditional #venturecapital and #privateequity — structures that shift power, center impact, and enable founders and funders to align more deeply with their values. 💡 What’s one financial structure, norm, or practice you think needs a redesign? #ImpactInvesting #FinanceForGood #SystemsChange #SocialChange #AdventureFinance

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Newco is delighted to announce that there has been good momentum in terms of valid acceptances received to date, which together with the Consortium’s and the Barloworld Foundation’s existing shareholdings, equates to 64.5% of the Barloworld Ordinary Shares in issue (excluding Treasury Shares). This brings us closer to our goal of being able to secure Barloworld’s long-term sustainability and deliver broad-based economic and value benefits. The Barloworld Transaction has received Namibian competition approval and as we work to fulfil the last remaining conditions precedent, we are confident that the transaction will become unconditional in the coming weeks..   The Standby Offer remains open for acceptance by Barloworld ordinary shareholders until 10 business days after all Standby Offer Conditions have been met. https://lnkd.in/dEHPib7P

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🚀 Just out: Our latest report on ESG investment performance – what drives it and how to manage it. This topic is close to my heart. I spend a lot of time with clients exploring how investment returns reflect the world around us – and Sustianability & ESG are a key part of that story. The report lays out some hard truths: ✅ Performance of Sustainability and ESG still hinges on smart asset selection and allocation ✅ Index comparisons need careful interpretation ✅ Sector-level insights reveal why performance varies 🔍 The devil’s in the detail – strategy, exclusions, and index tilts all shape outcomes. We dive into how these play out in areas like renewables and defence. 💡 Sustainability & ESG do not need to be a drag on returns. In fact, sustainability themes can unlock opportunities in the transition economy. And for those tracking ESG beyond finance: 📊 Sustainability & ESG indices mirror shifting societal values and structural change. Change is constant – in indices, investor preferences, and social attitudes. Staying informed is key. Deutsche Bank Deutsche Bank Private Bank (When investing, your capital may be at risk)

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What Does Cement Have to Do with Climate Change? The Answer’s in Endgame Capital’s New Perspectives Series Report. Big thanks to Jinna Li, John Mairlot and Thomas Panton for curating such a sharp lineup of climate VCs, and for making space to go deeper than buzzwords. My piece focuses on 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 (𝘸𝘩𝘢𝘵 𝘦𝘭𝘴𝘦?)one of the most urgent, underinvested areas in climate tech. Despite being responsible for 25% of global CO₂ emissions, industry has long lagged behind energy and mobility when it comes to innovation. But that’s shifting FAST. From volatile input costs to tightening regulation, industrial producers face growing economic pressure. That creates an opening for solutions that reduce emissions and improve business fundamentals. 𝗖𝗲𝗺𝗲𝗻𝘁 is a case in point. It’s the 𝙨𝙚𝙘𝙤𝙣𝙙 𝙢𝙤𝙨𝙩-𝙪𝙨𝙚𝙙 𝙨𝙪𝙗𝙨𝙩𝙖𝙣𝙘𝙚 𝙤𝙣 𝙀𝙖𝙧𝙩𝙝 (𝙖𝙛𝙩𝙚𝙧 𝙬𝙖𝙩𝙚𝙧), and it 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐬 ~𝟖% 𝐨𝐟 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 - mostly from clinker production. Reducing clinker content is the most effective lever today, but it introduces quality risks that the industry can’t afford. That’s where our AENU portfolio company alcemy comes in. Their 𝐩𝐫𝐞𝐝𝐢𝐜𝐭𝐢𝐯𝐞 𝐀𝐈 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐬 𝐜𝐞𝐦𝐞𝐧𝐭 𝐪𝐮𝐚𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐜𝐨𝐧𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐲, 𝐰𝐡𝐢𝐥𝐞 𝐥𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐞𝐦𝐢𝐬𝐬𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐜𝐨𝐬𝐭𝐬. It’s a rare win-win → and the kind of infrastructure-level shift we need more of. The report also features great insights from: ⚡️ Pippa Gawley– Zero Carbon Capital 🏢 Burhanuddin Pisavadi – PT1 ⚡️Ellen Smeele – SET Ventures 🤖 Gabriel Scheer – Elemental Impact 💻 Myke Näf – Übermorgen Ventures ⚡️ Jan Palasinski – Future Energy Ventures 🦾 Farieha Altaf – Planet A Ventures 🌍 Shaun Abrahamson 🎗️ – Third Sphere Read it, share it, pass it to a skeptic. 𝗪𝗲 𝗱𝗼𝗻’𝘁 𝗷𝘂𝘀𝘁 𝗻𝗲𝗲𝗱 𝗰𝗹𝗶𝗺𝗮𝘁𝗲 𝘁𝗲𝗰𝗵 𝘁𝗵𝗮𝘁’𝘀 𝗯𝗲𝘁𝘁𝗲𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗽𝗹𝗮𝗻𝗲𝘁 - 𝘄𝗲 𝗻𝗲𝗲𝗱 𝘁𝗲𝗰𝗵 𝘁𝗵𝗮𝘁’𝘀 𝗯𝗲𝘁𝘁𝗲𝗿, 𝗳𝘂𝗹𝗹 𝘀𝘁𝗼𝗽. #IndustrialDecarb #ClimateTech #SystemicImpact #VentureCapital #ClimateSolutions

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