The retail and coal sectors act as cautionary tales that mean reversion is not assured. Low multiples in a vacuum can dangerously mislead investors. We incorporate many secular trends into our investment thinking, including themes related to AI, automated vehicles, cybersecurity, e-commerce and aging in developed countries.
We believe the single most disruptive secular trend to the global capital markets over the next 20 years is our transition to a low carbon economy. We are loathe to use Silicon Valley’s most overused word, disruption, but in this case it is appropriate.
Redwood Grove’s Impact Report, Impact Resistant Windows and a New Logo
In this quarter’s investor letter, we discuss the impact of climate change on windows, introduce our 2023 Climate Impact Report.
2023 Climate Impact Report
Climate research and analysis has been an integral part of Redwood Grove Capital’s (RGC) investment process since its inception in 2016.
Anti-ESG investing and the Economics of Climate Change
This year Environmental, Social and Governance (“ESG”) and climate investing came into the white-hot glare of the political spotlight.