Lombard Odier Investment Managers Unveils New Responsible Equity Fund

Apr 27 2017 | 9:31pm ET

Lombard Odier’s asset management unit has debuted a new ESG-oriented UCITS-compliant fund that will invest into globally responsible equities.

The new fund, named LO Funds – Global Responsible Equity, launched with $83 million in AUM and will target a smaller carbon footprint than the broader market and utilize a quantitative ESG matrix aimed at identifying truly sustainable businesses. The fund will also eschew stocks engaged in non-ethical businesses, exposed to structural regulatory risks; and/or the subject of severe controversies, the company said in a statement.

The new fund will be co-managed by Lombard Odier Investment Managers’ head of systematic equities, Alexandre Déruaz and portfolio manager Nicolas Mieszkalski, while head of ESG solutions Robert de Guingé will manage the ESG element, Citywire added. It was officially launched in March.

Management fees on the new vehicle will be 0.60%, the company said. It is available in four currency denominations and passported for sale in Austria, Belgium, France, Finland, Germany, Italy, Liechtenstein, the Netherlands, Norway, Spain, Sweden, Switzerland and the UK.

Lombard Odier Investment Managers is the asset management business of the Lombard Odier Group, which has been wholly owned and funded by its partners since its establishment in 1796. The company had assets under management of CHF 45 billion CHF as of 31 December 2016, with more than CHF 1 billion deployed to responsible factor-based portfolios.

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