Paul Woolley, ex-financier and founder of the Paul Woolley Centre for the Study of Capital Market Dysfunctionality at the London School of Economics (LSE) and Toulouse University, calls on giant funds - pension funds, sovereign wealth funds, university and foundation endowments - to act and adopt investment approaches that would make finance a better servant to society. In his May 25th speech at the LSE, entitled A Manifesto For Giant Funds: Resolving The Dysfunctionality Of Finance, he outlines why banking has grown so dominant, profitable and prone to crisis and puts forward a 10-point manifesto addressed to giant funds that promises increase in investment returns while ensuring stable and sustainable financial markets.

Read the 10-point Manifesto on the LSE website

Listen to Paul Woolley's on the LSE podcast channel