Tag Archives: diapason
Multi Asset Forestry Care Fund Launched By Diapason
By: Caroline Allen 28 May 2013 Diapason Commodities Management, a signatory to the Principles for Responsible Investment (PRI), is to launch the ForestCare Investment Fund, an institutional product investing in tangible forestry assets. The ForestCare investment universe will cover forest plantations and resulting activities and services such as forest management, wood production and processing, and all investments will be subject to a strict Environmental, Social and Governance (ESG) filter prior to being included in the portfolio. The fund will take a multi-asset class approach, investing in equities, bonds, forest plots, and forest-related derivatives. Forest plots will form up to 20% of the portfolio where revenue will come from both forestry products and capital gains, and will include plots or land leases exclusively in Europe (land partially or totally covered by forest) to take advantage of the comparatively low levels of private forestry investment in this region. As well as the ownership and operation of European forest plots, the fund will also invest in shares and bonds of companies operating responsibly in the forestry industry, as well as bonds of public and private sector debtors issued to finance projects in this sector. Also included will be forest-related derivatives and other investment instruments related to the forestry theme, including biodiversity credits, credits related to mitigating deforestation (REDD credits) and carbon credits. Mark McDonnell, managing director of Diapason Commodities Management commented: “ForestCare is a completely new way of approaching investment in forestry and with our approach to bio-diversity in forests this investment opportunity has forest sustainability at its core. Crucially, the fund is structured to reconcile economic profitability with the need to make intelligent use of natural resources – providing investors with a diversified portfolio which is uncorrelated with other asset classes”. ForestCare is aimed at the pension fund and institutional investor market and will have three monthly liquidity and a minimum investment of €125,000 for the A class and €1,000,000 for institutional (I) class. Diapason, with its headquarters in Lausanne, is an independent commodity asset management firm providing a global range of commodity investment solutions to institutional and high net worth clients. Established in 2003, the firm oversees more than $7bn of assets (as at end of December 2012) in commodities only. Continue reading
New Funds: May 20
http://www.ft.com/cms/s/0/b106c054-bef4-11e2-87ff-00144feab7de.html#ixzz2U1nHMF00 ● Diapason Commodities Management is launching a ForestCare Investment fund, which will invest in forestry-related equities, bonds and derivatives, as well as forest plantations on a sustainable basis. Aimed at pension funds and institutional investors, the A class shares (€125,000 minimum investment) carry a 1.45 per cent management fee while the institutional class shares (€1m minimum investment) charge 95bp. ● Russell Investments has expanded its fund range with the Russell Absolute Return Bond fund (RARBF). ● RWC is to launch the RWC Global Horizon fund, a long-only unconstrained global equities fund. It will be managed by Louise Keeling who joined in April from Marathon Asset Management. Fees have yet to be finalised. ● Allianz Global Investors has brought to market the Allianz Europe Equity Growth Select fund, a concentrated portfolio of 30-45 stocks targeting structural growth ideas. The A share class carries a 1.5 per cent management fee and a 30bp administration fee. ● BlackRock is expanding its range of European corporate bond exchange traded funds with a new ETF focused on financial issuers. The iShares Barclays Euro Corporate Bond Financials ETF provides exposure to fixed rate, investment grade bonds issued by financial companies, and it carries a total expense ratio of 20bp. ● Cambria Investment Management has launched an ETF providing exposure to “yield-rich” US and international equities. The Cambria Shareholder Yield ETF, known as SYLD, carries an annual expense ratio of 59bp. ● Guotai Asset Management has brought out a Nasdaq 100 index that will trade on the Shanghai stock exchange, providing a new route for Chinese investors to the US stock market. Continue reading
