Swiss independent asset manager Tareno will take over sustainable water fund from Vontobel Asset Management as of 1 September 2019.
Following a successful transition phase since April 2019, Vontobel Fund II - Sustainable Water will now be fully merged with the Tareno Global Water Solutions Fund. As a result of the merger, the assets under management of the Tareno Global Water Solutions fund will increase from around €90m to €140m.
The Tareno Global Water Solutions fund was launched in 2007 and is one of the pioneers in the water investments space. The boutique fund follows a model-based investment approach, focusing on the systematic integration of sustainability criteria.
Vontobel will cease its management of Vontobel Fund II - Sustainable Water. It will continue to act as the management company for the Tareno Global Water Solutions fund.