Gam is to launch an environmental fund in the fourth quarter for latest hire Paul Udall.
This will be its first single-fund environmental portfolio. It already has a green fund of funds, the Multi-Environmental fund of funds, run by Catherine Cripps. His new vehicle will invest in firms driven by changes in the development, transportation and consumption of energy and resources. The manager will be able to go short using derivatives. The fund will be structured as Ucits III and will sit in the group’s Dublin-domiciled Gam Star product range. Minimum investment is likely to be in line with the group’s typical £6,000 minimum for retail funds. David Solo, Gam’s chie...
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