
Mastering Climate Risk: Essential Strategies for Asset Owners and Asset Managers
Speakers
Nick Burrough
Sustainable Finance Market Specialist, Sydney
Bloomberg
Nick Burrough joined Bloomberg in 2015 and is based in Sydney. Nick over 30 years of experience across Sell Side Fixed Income Trading, Consulting and most recently Bloomberg. Nick has worked in London, Toronto and now Australia, and now as the Bloomberg Sustainable Finance Specialist for Australia & New Zealand helps clients understand Bloomberg's solutions and develop these solutions as the market and regulations develops. Nick graduated from Durham University with a BSc in Mathematics & Physics, is an Associate of Corporate treasurers and holds CFA ESG Valuation & Investing and CFA Climate Risk certification.
Ben Carr
Global Head of Climate Risk Products
Bloomberg
Ben Carr leads climate risk product development at Bloomberg. He is a climate-related financial risk expert with over two decades of financial services experience working in both the public and private sector including at the Bank of England, the European Commission and Aviva. He has run several sustainable finance fora including the Scenario Analysis Working Group of the Climate Financial Risk Forum, co-chaired by the Bank of England and UK Financial Conduct Authority. He has led the Monitoring, Reporting and Verification (MRV) track of the UN convened Net Zero Asset Owner Alliance and the Sustainability Working Group of the CRO Forum. Ben is also a Senior Visiting Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and holds a PhD in Mathematics from the University of Warwick.Ben Carr leads climate risk product development at Bloomberg. He is a climate-related financial risk expert with over two decades of financial services experience working in both the public and private sector including at the Bank of England, the European Commission and Aviva. He has run several sustainable finance fora including the Scenario Analysis Working Group of the Climate Financial Risk Forum, co-chaired by the Bank of England and UK Financial Conduct Authority. He has led the Monitoring, Reporting and Verification (MRV) track of the UN convened Net Zero Asset Owner Alliance and the Sustainability Working Group of the CRO Forum. Ben is also a Senior Visiting Fellow at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and holds a PhD in Mathematics from the University of Warwick.
Anthony Lee
Risk Specialist Sales
Bloomberg
Anthony worked as a derivatives trader and PM for over 15 years in Hong Kong. He's been with Bloomberg for the past 8 years. His current role covers insurance companies, hedge funds, asset managers and corporations on risk and regulatory solutions.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Aristotle Capital Exited Xylem (XYL) Despite Its Potential and Long-Term Catalysts. Here's Why
Aristotle Capital Management, LLC, an investment management company, released its 'Value Equity Strategy' second quarter 2025 investor letter. A copy of the letter can be downloaded here. Although the U.S. equity market started with volatility in the second quarter, it rebounded with strength, with the S&P 500 Index rising 10.94% during the quarter. The composite returned 4.88% gross of fees (4.75% net of fees) in the first quarter, outperforming the 3.78% return of the Russell 1000 Value Index and underperforming the 10.94% return of the S&P 500 Index. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second quarter 2025 investor letter, Aristotle Capital Value Equity Strategy highlighted stocks such as Xylem Inc. (NYSE:XYL). Headquartered in Washington, District of Columbia, Xylem Inc. (NYSE:XYL) designs, manufactures, and services engineered products and solutions for the utility, industrial, and residential and commercial building services. The one-month return of Xylem Inc. (NYSE:XYL) was 2.79%, and its shares lost 4.14% of their value over the last 52 weeks. On July 22, 2025, Xylem Inc. (NYSE:XYL) stock closed at $131.05 per share, with a market capitalization of $31.891 billion. Aristotle Capital Value Equity Strategy stated the following regarding Xylem Inc. (NYSE:XYL) in its second quarter 2025 investor letter: "During the quarter, we sold our position in Xylem Inc. (NYSE:XYL) and invested in Uber. We first invested in Xylem, the global water technology company, in the first quarter of 2020. During our holding period, the company made meaningful progress on its initiatives to improve profitability, driven in part by a strategic shift toward higher-margin software and services. In addition, the acquisition of Evoqua further strengthened its water treatment capabilities and broadened its exposure to resilient industrial end markets. Xylem also continued to expand its portfolio across utility and industrial customers, reinforcing its leadership in water-related technologies. In early 2024, the company underwent a leadership transition, with Matthew Pine stepping in as CEO and Bill Grogan as CFO. Pine, formerly COO, brought operational experience from Carrier Residential, while Grogan joined from IDEX, where he helped drive the successful adoption of the 80/20 operating model. Under their leadership, Xylem has begun refocusing its strategy from scaling an ESG-led vision to pursuing operational efficiency through 80/20 principles, a shift still in its early stages. While we continue to recognize Xylem's potential and long-term catalysts, we chose to exit our position to fund what we believe is a more compelling opportunity in Uber." A technician opening a valve in a water infrastructure facility. Xylem Inc. (NYSE:XYL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Xylem Inc. (NYSE:XYL) at the end of the first quarter, which was 32 in the previous quarter. While we acknowledge the potential of Xylem Inc. (NYSE:XYL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Xylem Inc. (NYSE:XYL) and shared JPMorgan's coverage of the stock with overweight rating. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 minutes ago
- Yahoo
Treasuries Fall as Haven Appeal Wanes on US-Japan Trade Deal
(Bloomberg) -- Treasuries were poised to end a five-day streak of gains Wednesday as demand for havens waned after the US inked a trade deal with Japan. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital The yield on US 10-year debt trimmed an advance but remained one basis point higher 4.36%, halting a week-long slide. Germany's benchmark borrowing costs rose one basis point to 2.60% while UK equivalents were up five basis points at 4.61%. Hopes that the US will reach other trade deals ahead of its self-imposed Aug. 1 deadline are mounting. Secretary of the Treasury Scott Bessent sounded positive on the prospect in an interview on Bloomberg TV, saying talks with the EU are going better and negotiations are back on track with China. Secretary of Commerce Howard Lutnick — who recently said he was confident a trade deal with Europe will be reached — is set to be interviewed at 8:15 a.m. New York time. Traders will also be mindful of a $13 billion offering of US 20-year securities later amid the sensitivity of long-maturity debt globally to growing fiscal concerns. A sale of 40-year Japanese bonds earlier saw the lowest bid-to-cover ratio since 2011 and the 10-year yield rose to the highest since 2008. On Tuesday, Bessent shored up support for Federal Reserve Chair Jerome Powell, who has come under fire from President Donald Trump for keeping interest rates steady. Money markets are betting the Fed will hold interest rates in a 4.25% to 4.5% range next week, according to swaps tied to policy-meeting dates. However, traders expect at least on quarter-point reduction by October with an 80% chance of a second by year-end. (Updates yield levels in the second paragraph and adds remarks by US Treasury Secretary Bessent in the third paragraph) Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
US Treasury's Bessent says Trump has leverage with tariff rates
WASHINGTON (Reuters) -U.S. President Donald Trump has created a lot of leverage on trade with his letters on tariff rates, U.S. Treasury Secretary Scott Bessent told Bloomberg Television in an interview on Wednesday. "President Trump is creating this leverage by saying: if you don't want to negotiate with me, I've sent you a letter with a high rate. Have at the high rate or come and negotiate in better fashion," Bessent said. Sign in to access your portfolio