Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
GLG Pierre Lagrange

7770

GLG launches GLG Global Sustainability Equity Fund

RELATED TOPICS​

GLG Partners LP, part of Man Group plc (“Man”), has launched the GLG Global Sustainability Equity Fund, a UCITS fund. 

Sustainability is set to be one of the largest areas of global capital investment over the coming decades amid demographic, social and environmental change. The Fund concentrates on themes, their corresponding sectors and companies that are best poised to take advantage of this long-term trend.  These sectors include: healthcare, education services, waste and water management, as well as agricultural, transportation, alternative energy, industrial, resource and infrastructure-related efficiencies.  
 
The fund combines a top-down approach, using sustainability themes to identify value chains, with bottom-up fundamental company analysis, leveraging GLG’s expertise in covering global industries. This thematic approach is accompanied by the application of environmental, social and governance (“ESG”) factors in an investment process which ultimately produces a concentrated portfolio of high-conviction stocks, positioned for positive earnings growth, driven by sustainable investment. The Fund focuses on an underlying range of mid and large-capitalisation companies in order to avoid the illiquidity risks inherent in more small-capitalisation oriented, cleantech strategies. 
 
Pierre Lagrange (pictured), co-founder of GLG, says: “"We are delighted to launch the GLG Global Sustainability Equity Fund.  Not only is it an evolution of GLG’s commitment and increasing involvement in the area of sustainable investing, it also represents our belief that we have developed a strategy that offers the opportunity to significantly outperform the market, by addressing some of the most pressing themes today. Jason’s steering of the Fund has already generated significant outperformance amongst general long-only equities strategies. We hope in time to also develop alternative products that address sustainability.”"
 
Jason Mitchell, Fund Manager, says: "“Sustainability is about managing for growth. It is not about only cleantech and carbon trading, but about driving product innovation, minimizing costs and managing supply-chain risks. We have come up with a new performance-oriented approach, identifying which sectors and companies globally are best positioned in this space. At the same time, we hope to broaden investors’ perception of sustainability by showing that it can compete with traditional long-only funds, placing it within the sphere of mainstream investing.”"
 
Jason Mitchell was with GLG Partners from 2004 to mid 2008 and has more than ten years of long/short portfolio management experience on the buyside. He rejoined GLG in April 2010, following two years advising the UK government’s Commonwealth Business Council and the African Development Corp. on potable water and renewable energy projects across Sub-Saharan Africa. Jason took over management of GLG’s existing environment strategy from 1 May 2010, while simultaneously developing a new strategy for sustainable investing.

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by