Guinness AM hires M&G analysts ahead of energy fund launch
Guinness Asset Management has appointed two senior energy analysts, ahead of the planned launch of its oil and gas exploration fund.
Sachin Oza and Stephen Williams are set to join the existing energy team of Tim Guinness, Will Riley and Jonathan Waghorn. They both previously worked at M&G, where they were responsible for analysing global listed oil and gas companies.
The group now plans to launch a private equity closed ended fund investing in quoted companies in emerging market exploration basins. The fund aims to capitalise oncurrently low valuations in the energy sector and aims to achieve an annualised fund return of 20-25% per annum over five years. It will be accessible to professional investors with a minimum investment of over €100,000.
Sachin Oza comments on his new role, “I left M&G several months ago to try and develop this idea and I am really pleased that Guinness Asset Management are backing Stephen and me to make it happen. We would expect the portfolio to have limited short‐term correlation to the oil price and the broader equities market due to the event‐driven nature of the investments.”
Tim Guinness, founder of Guinness Asset Management adds, “This new fund idea would complement our existing energy fund range very well as it focuses on smaller oil and gas exploration companies while we have historically focussed on medium to large oil & gas companies.