Regnan launches Global Equity Impact Solutions Fund
Regnan, the newly-launched responsible investment management affiliate of J O Hambro Capital Management (JOHCM), has announced the UK onshore OEIC launch of the Regnan Global Equity Impact Solutions Fund, Regnan’s first investment offer within the UK.
The fund aims to generate long-term outperformance by investing in mission-driven companies that create value for investors by providing solutions for the growing unmet sustainability needs of society and the environment, using the 17 United Nations Sustainable Development Goals (SDGs) and their 169 underlying targets as an investment lens. This is a high conviction, diversified, global multi-cap portfolio with a strong emphasis on driving additional impact through engagement.
Led by Tim Crockford, the four-person Regnan Equity Impact Solutions team are pioneers in impact investing in public equity markets. The team previously managed the Hermes Impact Opportunities Equity Fund, which Crockford launched in December 2017.
Alexandra Altinger, JOHCM CEO - UK, Europe & Asia, says: “This is an important strategic initiative for Regnan and JOHCM that is already resonating strongly with our clients. It is an innovative strategy from a dynamic and passionate team with proven credentials as impact investors. The team is already benefiting from being able to draw on Regnan’s responsible investment expertise and thematic thinking.”
Tim Crockford, Head of the Regnan Equity Impact Solutions team, says: “We are excited to be part of the Regnan family and to now launch the fund. Regnan is taking impact analysis to the next level by going into real depth in understanding how the SDGs can be met, how a public equities manager can contribute to meeting them, and how each potential portfolio company fits with the goals. This is key for better investor outcomes, as for us the impact case is the investment case.”
An annual management charge of 0.75 per cent, subject to a minimum GBP1,000 investment, will apply for the Fund’s 'A' share class, with GBP unhedged and hedged share classes available. Large investors can take advantage of a seed share class featuring reduced fees and an expense ratio cap. The seed share class is subject to a minimum initial subscription of GBP1 million and has a GBP100 million limit.
Subject to regulatory approval, an Irish-domiciled OEIC sub-fund will also be launched in coming weeks to allow European and Asian investors access to the investment strategy.