Alternative investments

Elon Musk Called ESG a Scam – Did Tesla Chief Do Investors a Favour?

Investing typically uses a combination of head, heart, and gut, even though it’s not supposed to. And perhaps no market theme evokes “all the emotions” like ESG. This week, a major decision to remove Tesla from a closely tracked environmental, social and governance (ESG) index drew anger and relief in almost equal measure. Defiance was …

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Melvin Capital will close its funds and return money to investors

Melvin Capital plans to close its funds and return the money to its investors, capping a stunning reversal for a company who lost big on soaring meme stocks last year and betting on growth stocks this year. In a letter to investors that was reviewed by The Wall Street Journal, Gabe Plotkin, Melvin’s founder, wrote …

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