Climate Change Capital announced this week that it had been hired to manage the Global Climate Change Fund for OpenWorld, Russell Investments’ new single manager platform. The new fund “will invest globally in sectors impacted by climate change.”
The Global Climate Change Fund will be managed by Climate Change
Capital’s Global Equities team, which is led by Managing Directors Paul
Udall and Ronnie Lim. Udall and Lim joined Climate Change Capital in
2007 from Morley Fund Management (now Aviva Global Investors) where
they worked on the firm’s Sustainable Investment team. Combined, the
two managers have more than 30 years' investment experience, including
12 years focusing on “specialist environmental equities.”
Russell Investments is a global investment manager with over $210
billion in assets under management. Climate Change Capital aims to
provide attractive returns to investors, demonstrating the financial
opportunity associated with the low carbon economy. As of April 2009,
the firm had over $1.5 billion in assets under management.
