Sunday, 30 August 2015
Last updated 1 day ago
Apr 8 2008 | 10:00am ET
A green hedge fund jointly launched by Richard Branson and managed by GLG Partners has won high marks from Standard & Poor’s.
The Virgin Climate Change Fund, launched by Virgin Money, the financial services arm Branson's Virgin Group, and subadvised by GLG Partners, received an ‘A’ rating. S&P cited the experience of the three-month-old fund of funds’ managers and their track record for the accolade.
“GLG’s strong track record in European equities and success with the similarly-managed GLG Environment Fund bode well for the Virgin Climate Change Fund,” according to S&P, which also noted that GLG’s Environment and European funds have “provided excellent net returns to investors.”
The Climate Change Fund has outperformed the MSCI Europe index by 9.5%, net of fees, since inception. The fund invests in U.K. companies that have a lighter than average environmental footprint than their industry peers and aims for a fund footprint between 30% and 50% lighter than that of the MSCI Europe Index.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…