Mirabaud AM launches global ESG convertible fund in France
Mirabaud Asset Management has announced that its French branch has launched Altitude Convertibles Monde, a global convertible fund applying an ESG criteria filter.
The fund is jointly managed by Renaud Martin, head of Convertible Bonds at Mirabaud AM, and Nicolas Crémieux, co-manager of the convertible funds’ range with €500m of assets under management, of which €50m are invested in Altitude Convertibles Monde.
Altitude Convertibles Monde, targeting local institutional investors, is invested between 10 to 40% in equities.
Isabelle Richard, head of Institutional Sales France, said that this fund, registered in France, will “strenghten the positioning of Mirabaud AM as a niche player, highly specialised and able to meet the needs of most sophisticated investors.”
Mirabaud AM had CHF8.5bn (€8.2bn) of assets under management as at end December 2014, of which CHF5.5bn (€5.3bn) were invested in traditional asset classes and the remaining CHF3bn (€2.9bn) in alternatives.