GAM To Launch UCITS Green Fund, Hires Ex-Tudor Manager Udall

May 24 2010 | 10:23am ET

Swiss hedge fund firm GAM is planning a UCITS III-compliant green offering.

The single-manager environmental fund will debut in the fourth quarter, helmed by new hire Paul Udall. The long/short vehicle will focus on energy and natural resources firms working on development, transportation and consumption.

GAM already has an environmental fund of hedge funds.

“Funds that focus on sustainable investing and environmental themes continue to play an increasing role in investors’ portfolios,” CEO David Solo said. “We are delighted that Paul has decided to join GAM, given his specialist skills and knowledge in this area.”

Before taking up his new post, Udall was a managing director at Climate Change Capital. He ran that firm’s Global Environmental Long/Short Fund. He also did stints at Tudor Investment Management and Morley Fund Management.

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