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Osmosis Investment Management adds new board member and senior portfolio manager

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Osmosis Investment Management, a sustainable investment business with USD1.5 billion under management, has added two senior hires to its team.

Mike Even has joined the board, to help Osmosis capitalise on its strong market position as a sustainable investment specialist. Over a 35-year career, Even has built and led international investment brands. Most recently chairman of Man Numeric Investors, he has also been global chief investment officer of Citigroup Asset Management, overseeing investment teams running more than USD500 billion in client assets.
 
Even is a CFA charter holder and currently serves on the investment committee of the Massachusetts Pension Reserves Management Board.
 
Paul Udall has joined as a portfolio manager. He has 20 years of investment experience and was most recently at Temporis Capital where he managed global equities portfolios for clients that included the Norwegian sovereign wealth fund. Prior to Temporis, he worked at Climate Change Capital, Tudor Capital & Aviva Investors.
 
Both started on 3 September 2018, reporting to chief executive, and Osmosis founder, Ben Dear.
 
“Investor appetite for systematic investment strategies that target both an economic and environmental return is steadily growing,” says Dear. “As the availability of fund solutions is growing to meet this demand, our unique and objective approach to identifying resource efficiency in the developed markets is gaining traction with investors in both Europe and North America.”
 
“Mike brings invaluable experience to the board. His successful track record of building out quantitative firms and deep product knowledge will add significantly to the firm’s intellectual capital. Paul’s successful record of managing institutional money and his knowledge of developing and executing on sustainable mandates further strengthens the skill set within the portfolio management team. Both individuals bring sets of core competencies which add to the breadth and depth of the Osmosis product suite and helps position the firm for further growth.”
 
Even says: “I am delighted to join the board at Osmosis. They have identified an objective and quantifiable approach to sustainability which blue-chip investors on both sides of the Atlantic have started to recognise and incorporate into their asset allocation. With assets reaching USD1.5 billion they have reached a point in their growth cycle where I aim to add considerable value, from both a product and business perspective.”
 
“I look forward to working with and advising the team on the opportunities and through the challenges that lie ahead as the business continues to scale.”
 
Udall says: “Osmosis has developed a range of systematic funds and investment strategies based off a proprietary investment thesis and methodology. It’s an exciting time to join Osmosis as it continues to scale, and I look forward to working with the team to help enhance the existing family of resource efficiency investment funds and help to grow their range of sustainable investment products.”

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