Edmond de Rothschild Asset Management has merged the Edmond de Rothschild Geosphere fund into the Edmond de Rothschild Energy Evolution fund launched on 21 December 2017 in a bid to streamline its product range, InvestmentEurope has learned.
The operation took place on 7 June and was approved in April 2018 by French financial markets regulator AMF. The Edmond de Rothschild Energy Evolution fund is run by Emmanuel Painchault and Pierre Pedrosa.
It invests primarily in global equities with a focus on companies linked to the gradual evolution of the energy mix and in funds investing in this theme. The fund is not limited solely to the energy sector and may invest in firms pertaining to three investment pillars identified by EdRAM: the resources required for this evolution, the technologies to implement it and turnkey solutions for the user.
The fund had €19m of assets under management as of 4 July 2018. It is available to all investors in Spain, France, Luxembourg and the Netherlands whereas it targets qualified investors in Switzerland and a restricted type of investors in Italy.