The Future of Capital Markets

The High Meadows Institute’s Future of Capital Markets project is a three year initiative that aims to identify opportunities within mainstream finance to accelerate the integration of sustainability factors into investment strategy and management practices. An advisory board of academics and practitioners is guiding the development of the project.

The project goals are to:

  • Assess the systemic challenges to ensuring efficient capital markets are capable of meeting the needs of a global economy while serving the long-term interests of both investors and society.
  • Engage mainstream asset owners and managers in reflecting on these challenges and in developing strategies to address them.
  • Support the generation and dissemination of practical frameworks and tools that can assist mainstream capital markets to be managed sustainably and reduce the need for complex regulatory intervention.

We are gaining insight into current perceptions of key players on the challenges the industry faces and their attitudes and practices in terms of serving the long-term interests of investors and society. Our objective is to gain greater insight into where potential leverage points for change may exist within the system and key players to drive change. Further information is available here.

Income Inequality

The Institute is conducting research to better understand the drivers behind rising income inequality and their impact on economic and social development. The Institute’s perspective is that rising income inequality is symptomatic of a profound transformation of our economy being driven by globalization and machine intelligence and that the challenges this creates will not be solved by traditional public policy models of taxation and redistribution of wealth.

The project goals are to:

  • Understand the drivers behind rising income inequality and their impact on economic and social development.
  • Generate discussion across the public, private and nonprofit sectors around practical and transformative ideas to address the challenges income inequality present, from how we distribute income and deliver human services to how we educate the workforce and generate economic opportunity in society.

In 2015, the Institute focused its work around a working paper on income inequality prepared in 2014 and published in the Journal of Applied Corporate Finance, available here.