Guinness AM hires M&G analysts for fund launch

PowerlinesGuinness Asset Management has poached two senior energy analysts from M&G, ahead of the planned launch of its oil and gas exploration fund.

Sachin Oza and Stephen Williams will join the firm’s current energy team of Tim Guinness, Will Riley and Jonathan Waghorn.

The new fund will be a closed-end hybrid of investments in private equity-backed and listed companies engaged in emerging market exploration basins, and will capitalise on the low valuations in the energy sector produced by the US’ fracking push.

The firm expects the fund’s portfolio to have a limited correlation with the broader equity market, due to the event-driven nature of its investments. It aims to achieve an annualised return of 20-25% per annum over five years. There is a minimum investment requirement of €100,000.

Guinness is yet to decide on the fund’s structure, but is considering a number of options, including the newly developed Dublin AIFM QIAIF Icav structure.

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