Swiss company Lombard Odier Investment Managers (Lombard Odier IM) has announced a partnership with London-based boutique Affirmative Investment Management (AIM), a fixed income manager dedicated to impact strategies established in 2014.
The partnership aims to strengthen Lombard Odier IM’s existing impact investing capabilities and launch a new fund with a focus on climate change.
Lombard Odier says the impact of climate change is already being seen and believes tackling climate change requires a significant shift towards a low-carbon economy and investment in climate change solutions.
Carolina Minio-Paluello, global head of Sales and Solutions at Lombard Odier IM, commented: “Climate change is the challenge of our generation. There is a significant gap between the current level of investment into climate change solutions, estimated at $360bn in the past year, and the $700bn required each year to meet the COP21 objective to limit climate change to two degrees.
“A major shift in capital is required to tackle this funding gap, and our investors are keen to understand how they can be involved. We are extremely pleased to be partnering with the specialists at AIM and together with our own robust impact investing expertise, we are seeking to develop a compelling and competitive proposition for investors.”
Stephen Fitzgerald, co-Founder and chairman of AIM said: “Responsible capitalism has often been perceived as coming at a cost; either lower returns or increased risk. Our approach seeks to combine mainstream portfolio management and impact, without compromising either. Our partnership with Lombard Odier is an exciting opportunity to finance positive solutions to global challenges.”
Lombard Odier IM had CHF223bn (€208bn) of assets under management as at 30 June 2016.