The fund will launch later this year, subject to approval by the Guernsey Financial Services Authority, and will aim to generate a return of 7% net of charges by investing in socially responsible AAA or AA government-backed projects.
Targeted at a variety of markets including retail and wealth management intermediaries, the fund will look to assets such as social infrastructure and renewable energy projects, with the focus on government-backed revenue streams aiming to produce “an extremely high level of capital protection relative to the fund’s projected rate of return”.
Jolliffe, who joins in a senior investment advisory position, has previously worked in structured debt and equity capital markets roles at ABN Amro for 14 years prior to founding a consultancy firm in 2008.
“Robert’s previous structured debt and asset finance experience will complement our existing team of investment and project finance professionals,” said Future Capital CEO Tim Levy.
“We have been increasingly aware of the rising demand among many of our clients for financial products that generate steady, stable and secure revenues even against the background of today’s volatile and unpredictable financial markets.”
