Jeremy Grantham

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Robert Jeremy Goltho Grantham , CBE (born October 6, 1938 in Ware , Hertfordshire ) is a British investor and philanthropist .

Life

Grantham studied economics at the University of Sheffield until he graduated in 1961 . In 1966 he received his MBA from Harvard Business School .

In 1971, as one of the two owners of Batterymarch Financial Management, he started one of the world's first index funds . Grantham is the founder of Grantham, Mayo, & van Otterloo (GMO). Annually, he and his wife Hanne donate more than $ 30 million to a variety of nonprofit and educational institutions. A particular concern of his is the fight against the climate crisis ; In 2019, Grantham pledged more than 98% of his net worth, equivalent to around 1 billion US dollars, to fight the climate crisis. He once commented on this mission as follows: "I don't really see this as philanthropy, but as a necessary defense measure for my children, grandchildren and their descendants."

2011 Grantham was in the list of 50 Most Influential magazine Bloomberg Markets listed.

In 2013, Grantham made a name for himself with his memorandum Race of Our Lives , in which he set out how innovations in green energy, combined with the trend of falling birth rates, can help solve the challenges that global warming is facing the economy and healthcare brings with it.

In 2014 Grantham was elected to the American Academy of Arts and Sciences . In 2016 he was named Commander of the Order of the British Empire for his " exceptional services to climate change research " .

In April 2019 he published a new memorandum together with Lucas White, the co-founder of his investment company GMO. In it they drew attention to the effects of the climate crisis: “Hurricanes, typhoons, droughts, forest fires and other extreme weather events cause record damage. Climate change is having an increasing impact on the economy and our daily lives and represents an existential threat to the world as we know it. ”At the same time, they emphasized the potential for investors. The Scriptures said: “We are rapidly approaching a time when the world will be forced to act aggressively in order to overcome decades of inactivity. As for-profit investors, these efforts provide the backdrop for decades of long-term growth in the climate change business and potential for strong profits. [...] If climate change affects the economy, there will be strong demand for the products and services of companies that focus on climate protection. "

Individual evidence

  1. ↑ a b Philanthropist and alumnus Honored by Queen , University of Sheffield , 10 June 2016
  2. ↑ Frank Wiebe: Investment expert Jeremy Grantham: "Today only profits count". In: handelsblatt-com. Handelsblatt , June 26, 2015, accessed on December 26, 2019 .
  3. ↑ JEREMY GRANTHAM ON THE BATTLE TO SAVE SOCIETY FROM CLIMATE CHANGE: 'WE'RE NOT WINNING' , Alumni , Harvard Business School , May 15, 2019
  4. ^ The First Index Mutual Fund .
  5. ↑ a b c d e f Sissi Cao: Fighting Climate Change Can Be a Lucrative Investing Strategy, Says Jeremy Grantham. In: observer.com. The New York Observer , April 22, 2019, accessed December 26, 2019 .
  6. ↑ Bloomberg Markets Most Influential 50 , bloomberg.com , September 8, 2011
  7. ↑ Book of Members 1780 – present, Chapter G. (PDF; 931 kB) In: American Academy of Arts and Sciences (amacad.org). Retrieved December 26, 2019 .
  8. ↑ Beth Healy: Jeremy Grantham honored for climate change philanthropy. In: Boston Globe . November 11, 2016, accessed on January 16, 2020 .
personal data
SURNAME Grantham, Jeremy
ALTERNATIVE NAMES Grantham, Robert Jeremy Goltho (full name)
BRIEF DESCRIPTION British investor and philanthropist
DATE OF BIRTH October 6, 1938
PLACE OF BIRTH Ware , Hertfordshire