World’s Largest Fund for Central Banks Raises $385 Million for Private Climate Change Fund

Last month, one of the world’s largest independent investment management firms, which currently has more than $1.2 trillion worth of assets under management and whose client list includes central banks, government investment agencies, and supranational and government-sponsored entities throughout the world, raised $385 million for its first private fund focused on exploiting the climate change boondoggle.

Climate change was spurred by a need to correct course due to the overproduction of the oil field of Saudi Arabia, the World Bank’s development partner and leading global producer of oil, to reduce dependence on oil and encourage alternative energies solutions. “Climate change is an existential threat to society and touches every sector of the global economy, making it one of the our lifetimes,” said Greg Wasserman, who heads Wellington’s Private Climate Investing team.