Pictet Asset Management has soft closed its Global Environmental Opportunities fund to new retail and wholesale investors after the vehicle saw inflows of more than €4bn in 2020.
The €7.5bn AUM fund's soft close, which excludes existing investors and allows for further institutional flows, has been implemented to "protect the alpha for existing investors", Pictet said. Sustainable investment leaders interview: Pictet's Borremans on why balance in ESG reporting is needed to 'show the fuller picture' Launched in 2010, Pictet Global Environmental Opportunities is co-managed by Gabriel Micheli, Luciano Diana and Yi Du. The fund's assets have grown substantially in the past year, ballooning from around €2.2bn at the bottom of the coronavirus-related sell-off of ...
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