Mon, Jun 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Auriel Capital partners with Inflection Point Capital to enhance sustainable investment offering

Monday, September 10, 2012
Opalesque Industry Update - Auriel Capital Limited (‘Auriel’), a European Equity Long/Short manager, has partnered with Inflection Point Capital Management (IPCM), an asset management boutique focused on sustainability solutions, to create a new joint venture, Inflection Point Partners LLP (IPP). The new joint venture delivers an absolute return overlay strategy for European equities which integrates traditional financial research together with sustainability analysis.

IPCM was formed by Dr Matthew Kiernan, who has over 20 years experience in sustainability research and investing. IPCM’s predecessor firm Innovest Strategic Value Advisors was the #1 rated investment research firm in the world in the sustainability space and sub-advised on $1.5bn in innovative, sustainability-enhanced strategies. Prior to founding Innovest, Dr. Kiernan had served as Director of the World Business Council for Sustainable Development in Geneva.

Larry Abele, chief executive for Auriel Capital, says: “Research into intangible valuation is often overlooked or viewed as too slow to be material. We have found that sector specific research into the material issues facing Europe’s major corporations adds significant value. We are excited to be working with IPCM to enhance our fund with new unique sources of alpha.”

Matthew Kiernan, chief executive of ICPM, says: “Partnering with Auriel allows us to take our insights from over twenty years of research into sustainability and turn those insights into an institutional quality solution for investors. IPP’s initial offering is a direct response to the growing demand from the owners of the $30 trillion in assets who have signed up to the UN’s groundbreaking Principles for Responsible Investment.”

The Fund initially launched in June 2007 as the Auriel European Equity Fund has been renamed the Sustainable Absolute Return Fund. The strategy utilises a systematic approach trading the most liquid pan-European equities in a long/short, beta and sector neutral portfolio. The Fund will provide a solution for investors who hold broadly diversified portfolios of European shares where ESG issues are not being integrated into portfolio decision making. The fund aims to generate 3-6% net return over cash with 6-8% volatility, while maintaining low correlation to both global equities and major asset class indices.

The strategy combines the rigour of a world-class risk control and portfolio construction with industry-leading research focused on forward-looking “non-traditional” risk and return drivers, with factors such as environmental sustainability, human capital, organisational capital, adaptability and responsiveness and capacity for innovation.

Andrew White, Head of Sustainability Research for IPP, said: “Our process integrates - from the very outset – both traditional financial and sustainability research and analysis. We look carefully at environmental and social considerations, bringing an entirely new framework to the sustainability arena looking at factors such as corporate agility, culture, board skills, innovation capabilities, and exposure to emerging global megatrends.”

(press release)

Inflection Point Partners LLP is a joint venture between Auriel Capital Limited and Inflection Point Capital Management bringing together more than 20 years of industry-leading sustainability research with institutional quality portfolio construction and risk management. Inflection Point Partners LLP is authorised and regulated by the Financial Services Authority.

Auriel Capital Limited and its predecessor firm have managed in excess of $2bn for institutional clients since being founded in 2004. Chief executive Larry Abele has extensive experience managing absolute return portfolios including alpha overlays involving assets and liabilities for foreign exchange, asset allocation and stock selection. Auriel Capital is authorised and regulated by the Jersey Financial Services Commission. www.aurielcapital.com

Dr Matthew Kiernan is founder and CEO of Inflection Point Capital Management Ltd and recently published ‘Investing in a Sustainable World’. Dr Kiernan also founded of the #1 rated sustainability research house, Innovest Strategic Value Advisors. Innovest provided environmental, social, and governance ratings and views to managers and asset owners, and helped design and manage a number of innovative, sustainability-enhanced investment strategies before being purchased by Risk Metrics in 2009. www.inflectionpointcm.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider