The GLG Global Sustainable Equity Fund will be managed by Jason Mitchell and concentrate on a number of sectors including healthcare, education services, waste and water management, alternative energy, resource and infrastructure-related efficiencies.
It will focus on an underlying range of mid and large capitalization companies and use a top-down approach incorporating environmental, social and governance factors.
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 Corporation on potable water and renewable energy projects across Sub-Saharan Africa.
He said the fund would have a number of objectives going forwards.
"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."
