Thursday, 25 December 2014
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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.