Investment management 'not fit for purpose' in delivering sustainable wealth creation

In a white paper published on Wednesday (17 February), the global sustainable investment pressure group said the industry's business model was not fit for purpose and called for all links in the investment chain to work together in order to deliver positive change. Portfolio objectives are too often focused on short-term horizons and need to be rewritten to focus on long-term gains over a period of at least seven years, The Role of the Investment Management Industry a Prescription for the Future said, while also settings levels of absolute risk to capital and time horizons according to t...