Climate Change Capital has been appointed to manage a climate change fund for Russell Investments, the global investment company.
Climate Change Capital has been appointed to manage a climate change fund for Russell Investments, the global investment company.
The Global Climate Change Fund will be offered through Russell’s new single manager platform, OpenWorld, and will be managed by Climate Change Capital’s global equities’ team of Paul Udall and Ronnie Lim.
The fund will invest globally in sectors impacted by climate change.
Udall and Lim, both managing directors at Climate Change Capital, together have over 30 years’ investment experience and over 12 years’ experience in managing specialist environmental equities. Prior to joining Climate Change Capital in 2007, both worked in the sustainable investment team at Morley Fund Management (now Aviva Global Investors).
Shaun Mays, chief executive officer at CCC, says: "Climate Change Capital is uniquely positioned globally as an investment firm to benefit from the significant investment opportunities that exist in climate change. Russell has a highly-regarded research and due diligence process, and we are pleased to be selected as the manager for one of their specialist, thematic funds. The Russell OpenWorld Ucits platform allows institutional investors to access our boutique funds, and the flexibility to customise their investment within their existing equity allocations."
Russell OpenWorld is a Dublin-domiciled Ucits platform.
