Chris Bryant, Columnist

Are Hedge Fund ‘Bubble’ Bets Naughty or Nice?

Europe isn’t comfortable with financial investors making bank on its carbon market. But that’s short-sighted.

November 30, 2021 at 7:36 AM UTC

Chris Bryant is a Bloomberg Opinion columnist covering industrial companies in Europe. Previously, he was a reporter for the Financial Times.

Taking bets.
Photographer: Sean Gallup/Getty Images Europe

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More than a decade after Lloyd Blankfein, then-boss of Goldman Sachs Group Inc., claimed banks do “god’s work,” the finance industry still struggles to convince the public it’s a force for good.

A new chapter in this debate has erupted in Europe where hedge funds and national governments can’t agree on what constitutes “good” financial speculation.