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.

 

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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