Impact Investor Wheb Asset Management LLP (WHEB) is planning to launch a Dublin-based UCIT (a business for collective investment in transferable securities), designed to allow investors to continue to contribute to the sustainable impact fund, regardless of the outcomes of their continued Brexit Talks with the European Union.
Wheb focused in 2009 on “opportunities created by the transition to a low-carbon, sustainable global economy,” and “generates excellent returns from global equities by investing in companies that provide solutions to some of the most serious environmental and social challenges humanity faces over the coming decades.”
The new fund, named FP Wheb Sustainable Impact Fund, is set up in the 2020 tail end as the UK-based Fundrock Management Company SA has been appointed as the management agency.
The two companies have previously collaborated on previous projects. Fundrock is the approved corporate director of Wheb’s UK-based fund through its UK branch, Fundrock Partners Ltd.
Fundrock is welcomed by Wheb as a “large European independent third-party management company” and will oversee the fund’s delegated functions, provide risk and compliance oversight, and manage the new structure and distribution support services for its sub-funds.
It is designed to reflect the company’s “an existing impact investment fund residing in the UK called the FP Wheb Sustainability Fund.”
Currently, Wheb boasts an asset of £673 million, and the existing UK-based Sustainability Fund has returned an impressive 27.2% on the US dollar terms. Its minimum regular savings value is at £25.00.
Commenting on the launch of the new Sustainable Impact Fund, George Latham, managing partner at Wheb Asset Management, said:
“We are pleased to partner with Fundrock to continue building businesses in the European market and enable new investors to take advantage of their investment strategies. We certainly believe that companies that have a positive impact are those that will succeed in the long term and that must be.
“By demonstrating that sustainability and positive impacts can be the basis for good investment strategies, Wheb believes it can play a strong role in mobilizing more capital towards positive objectives.”
Added Xavier Parain, CEO of Fundrock.
“We are pleased to be Hob’s chosen partner in another fund launch. Sustainable impact investments are very involved in the mainstream for investors, and pioneers like Wheb are well suited to benefit from rapid growth in this sector.
“Our best-in-class solutions allow businesses to focus on core business activities that provide returns to their clients while also having a positive impact on society.”
