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GLG launches GLG Global Sustainability Equity Fund

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GLG Partners LP, part of Man Group plc (“Man”), has launched the GLG Global Sustainability Equity Fund, a UCITS fund. 

Sustainability is set to be one of the largest areas of global capital investment over the coming decades amid demographic, social and environmental change. The Fund concentrates on themes, their corresponding sectors and companies that are best poised to take advantage of this long-term trend.  These sectors include: healthcare, education services, waste and water management, as well as agricultural, transportation, alternative energy, industrial, resource and infrastructure-related efficiencies.  
 
The fund combines a top-down approach, using sustainability themes to identify value chains, with bottom-up fundamental company analysis, leveraging GLG’s expertise in covering global industries. This thematic approach is accompanied by the application of environmental, social and governance (“ESG”) factors in an investment process which ultimately produces a concentrated portfolio of high-conviction stocks, positioned for positive earnings growth, driven by sustainable investment. The Fund focuses on an underlying range of mid and large-capitalisation companies in order to avoid the illiquidity risks inherent in more small-capitalisation oriented, cleantech strategies. 
 
Pierre Lagrange (pictured), co-founder of GLG, says: “"We are delighted to launch the GLG Global Sustainability Equity Fund.  Not only is it an evolution of GLG’s commitment and increasing involvement in the area of sustainable investing, it also represents our belief that we have developed a strategy that offers the opportunity to significantly outperform the market, by addressing some of the most pressing themes today. Jason’s steering of the Fund has already generated significant outperformance amongst general long-only equities strategies. We hope in time to also develop alternative products that address sustainability.”"
 
Jason Mitchell, Fund Manager, says: "“Sustainability is about managing for growth. It is not about only cleantech and carbon trading, but about driving product innovation, minimizing costs and managing supply-chain risks. We have come up with a new performance-oriented approach, identifying which sectors and companies globally are best positioned in this space. At the same time, we hope to broaden investors’ perception of sustainability by showing that it can compete with traditional long-only funds, placing it within the sphere of mainstream investing.”"
 
Jason Mitchell was with GLG Partners from 2004 to mid 2008 and has more than ten years of long/short portfolio management experience on the buyside. He rejoined GLG in April 2010, following two years advising the UK government’s Commonwealth Business Council and the African Development Corp. on potable water and renewable energy projects across Sub-Saharan Africa. Jason took over management of GLG’s existing environment strategy from 1 May 2010, while simultaneously developing a new strategy for sustainable investing.

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