Geode Capital Management, LLC. Sounds like a posh name for a bunch of suits juggling over a trillion quid in assets, doesn’t it? They strut about, boasting “core beta exposures” and “risk-adjusted performance” like they’ve cracked the code to financial nirvana. But peel back the glossy PR bollocks, and you’ll find a firm knee-deep in controversies that’d make a seasoned punk rocker blush. This isn’t your nan’s investment club – this is a gritty, unapologetic dive into Geode’s murky world, where their ownership of Shell and Cummins shares might just be the smoking gun in their ESG hypocrisy.
The ESG Facade: All Talk, No Trousers
Let’s cut the crap – Geode’s public spiel is as silent on ESG as a Trappist monk on a vow. Their website? A sterile shrine to investment strategies and team bios, not a whiff of sustainability or climate stewardship. Their LinkedIn’s the same – all corporate wankery, no green credentials. For a firm raking in billions, you’d expect some grandstanding about saving the planet, but nah, they’re too busy counting the cash. This ain’t ignorance; it’s a calculated sidestep. And that’s where the stench starts to rise.
Cummins: The Diesel-Spewing Skeleton in Geode’s Closet
Here’s the kicker – Geode’s got a stake in Cummins. Yes, TCAP’s Cummins! Do they list it in their top holdings? Not explicitly, but with a trillion-pound war chest and a sprawl across equity markets, it’s a safe bet they’ve got their grubby mitts on Cummins shares. Now, as we continue to cover extensively, Cummins isn’t exactly planting trees or hugging polar bears – they’ve been slammed for pumping out emissions like it’s the bloody Industrial Revolution. If Geode’s holding a chunk of that action, it’s a right two fingers to any ESG principles they might quietly claim in a dark alley. Hypocrisy? Mate, it’s practically their brand.
The Dirty Laundry Pile
But wait, there’s more filth in this bin bag. Back in 2021, Geode’s hedge fund arm took a proper kicking – massive losses on dodgy volatility bets that sent the whole division tits-up. Jobs gone, money torched, and a big “fuck you” to their risk-adjusted gospel. Then there’s the whisper on the street – Reddit punters reckon Geode might’ve had a hand in the GameStop madness, shorting or fiddling with derivatives while the little guy got screwed. No hard proof, but the smoke’s thick enough to choke on. Oh, and they’ve cosy ties with Shell too – fossil fuel royalty – which doesn’t exactly scream “net-zero hero.” Transparency on climate? Don’t hold your breath; they’ve got no targets, no plans, just a big fat shrug.
The Reckoning
So here we are, staring at Geode Capital Management – a trillion-dollar titan with a closet full of skeletons and a smirk that says, “What you gonna do about it?” Their Cummins stake, if it’s there, is a glaring neon sign of ESG bullshit – a firm that won’t even whisper “sustainability” while pocketing diesel profits. Add in the financial fuck-ups and market meddling, and you’ve got a recipe for distrust that’d make a Soho chef proud. The investment game’s evolving, but Geode’s stuck in the muck, and it’s about time someone called them out on it. Fuck the gloss – this is the real story.
Lee Thompson – Founder, The Cummins Accountability Project
Sources
- Fox Business: Huge losses on derivative trades at Geode Capital Management force hedge-fund business shutdown: WSJ
- Reddit: More discussion. Exploring Geode Capital’s Potential Role in GME and Fidelity Connection
- World Benchmarking Alliance: Geode Capital Management
- Net Zero Investor: The silence score: how active are the world’s biggest investors on climate stewardship?