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New Managers November 2019

BULLETIN: Carbon Cap Management launches World Carbon Fund early next year, US fund house Brown Advisory launches Global Leaders Sustainable Fund


Carbon Cap Management launches World Carbon Fund early next year

London-based investment firm Carbon Cap Management is aiming to launch its World Carbon Fund early next year, with the vehicle's main focus being the international CO2 emissions trading markets. The British company informed that it has appointed several carbon trading and environmental veterans as staff and advisors as part of its preparation to launch a global carbon and environmental markets fund. Founder and CEO, Michael Azlen stated "Carbon markets have been a successful policy tool in the effort to reduce emissions and now Carbon is emerging as an attractive and investable global asset class. Carbon markets are expanding quickly around the world and the launch of China's carbon market next year means that 14% of global emissions will be covered under a "Cap and Trade" carbon market."

The company has hired energy and carbon markets expert Nigel Felgate Ph.D. as the fund's portfolio manager, and Alex Child as head of carbon markets research. Felgate joins Carbon Cap from BNP Paribas, where he worked as a proprietary trader across energy commodities including carbon emissions. Before that, he was a senior trader in carbon markets at Morgan Stanley, Bank of America and JP Morgan. He brings a successful 15-year track-record to Carbon Cap dating back to the inception of the European carbon market in 2005. Alex Child joins Carbon Cap from Vivid Economics, where he was employed as a climate change and energy economist. Over the past 5 years, he has helped design climate policies and market-based carbon mechanisms around the world, including working on South Africa's carbon tax. "The World Carbon Fund is unlike other investment funds in that it will be an absolute return fund focused purely on Carbon and environmental markets," Azlen said, adding that this "innovative vehicle" would have the dual objectives of generating absol......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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