Generation Investment Management, the sustainability focused boutique asset manager co-founded by former US Vice President Al Gore, is about to roll out the fixed income strategy heralded by key hires two years ago, according to market sources.
Generation won’t comment but it’s understood the strategy will initially only be available to existing clients of the London-based firm’s equity products.
The impending launch follows the appointment of Mike Ramsay just over two years ago from private equity group Carlyle with the brief to set up a fixed income platform.
“With Mike’s appointment, the firm has conviction that its philosophy of long-term investing and integrated sustainability research can be extended to the global credit market,” Generation’s Senior Partner and co-founder David Blood said at the time.
The new platform and strategy would allow clients to take advantage of future global credit investment opportunities, Blood added.Ramsay, who was Global Head of Leveraged Finance at Carlyle, said he believed the global credit markets were “ready to embrace sustainability issues”.
“Long-term investing and sustainability research can be extended to the global credit market”
The move comes as sustainable fixed income is rising up the agenda. The UN Principles for Responsible Investment (PRI), for example, currently has a fixed income work stream underway. And MSCI recently launched a new offering covering fixed income, including ratings, scores, profiles and reports. There’s also the E-RISC initiative from the UN Environment Programme Finance Initiative and the Global Footprint Network (GFN), which aims to integrate environmental risk into sovereign credit analysis.