London-based independent alternative asset manager Trium Capital is launching the ground-breaking Trium ESG Emissions Impact fund, which will focus on companies that fly under the radar of most ESG investors.
The alternative Ucits strategy aims to generate returns, while seeking lower global emissions, by actively engaging with companies in high-emitting sectors to implement innovative strategies.
The equity market neutral fund looks primarily at European stocks in the energy, materials, utilities and industrials sectors, focusing on finding long-term winners in the energy transition process. The strategy targets 8% annual returns and lower-than-market volatility.
The strategy will be managed by fund manager Joe Mares. After a decade as an energy analyst at Morgan Stanley, Mares was a commodities equity analyst for Greg Coffey, at GLG Partners and then Moore Capital. He joined Trium Capital from Société Générale, where he ran a global energy and resources long/short equity book.
Commenting on the launch, Mares said: "To start thinking differently, you have to start from scratch. Most ESG strategies are backward-looking - concentrating on historic ESG metrics. We are forward-looking, actively engaging with companies that demonstrate potential for change. To fix a problem, you need to focus directly on companies that are regarded as part of the problem, but have the ability to become part of the solution."