Henderson’s SRI team reappears at WHEB Group

Henderson Global Investor’s former SRI team, which exited the firm in late 2011 after its funds were handed to other managers, has joined London-based environmental investment manager WHEB Asset Management.

George Latham (pictured), Seb Beloe, Tim Dieppe and Hyewon Kong, who ran four Sustainable and Responsible Investment (SRI) funds, left the firm after being at risk of redundancy.

Funds they ran included the Global Care Growth, Global Care Managed, and Industries of the Future funds, as well as the Global Care UK Income fund.

The first three were handed to Neil Rogan and his global equities team, while the value and income team was given the Global Care UK Income fund.

At WHEB the foursome will run the IM WHEB Sustainability fund, a long-only equities fund focused on sustainable companies, with Dieppe taking the role of lead manager.

Currently £30m in size, the group has capacity to grow it to around £2bn.

“There is a very close fit between the investment themes in the IM WHEB Sustainability fund and the themes we pursued under the ‘Industries of the Future’ strategy at Henderson,” says Latham, the former head of SRI at Henderson Global Investors who is leading the team at WHEB.

“We can see a huge opportunity in growing client demand for sustainability-oriented investment products. This has in part been created by several larger institutional fund managers reducing resources in this area just at the moment when these investment themes are becoming increasingly important in driving returns.”

WHEB Group has three divisions which focus on investing in sustainable or “green” opportunities in private equity, renewable energy infrastructure, and listed securities.

WHEB Partners, its clean technology private equity business, raised its first fund in 2004 and a second in 2008. WHEB Asset Management’s regulated fund, the IM WHEB Sustainability Fund, was launched in 2009.

 

This article was first published on Investment Week

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