Man GLG shuts sustainable water and circular economy fund as managers exit
Man GLG RI Sustainable Water and Circular Economy was Man GLG’s first Article 9 fund and first public market equites Article 9 fund.
The co-managers Yohann Terry and Jann Breitenmoser have also left the company. The pair joined Man GLG in 2021 from J Safra Sarasin Asset Management, where they managed sustainability-focused investment strategies.
UBS AM closes £5m Global Strategic Bond fund
Man GLG RI Sustainable Water and Circular Economy was Man GLG's first Article 9 fund and first public market equites Article 9 fund.
The strategy aimed to tackle four of the UN's 17 Sustainability Development Goals — clean water and sanitation (goal 6); life below water (goal 14); life on land (goal 15); and responsible consumption and production (goal 12).
Fidelity closes £7m Asia absolute return fund
The fund's objective was to solely invest in companies that address the fight against water scarcity, improve the supply and treatment of high-quality water, or address the challenges of the circular economy, such as pollution control and resource management.
At the time, Teun Johnston, chief executive of Man GLG, said the launch «responds to clear and growing demand» for such strategies, and described it as a «milestone moment» for the firm.
Premier Miton's David Jane: 'We should not fear high inflation but accept inflation is back'
Read more on investmentweek.co.uk
