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Magazine Issues » December 2022

2022 Funds Europe Award winners

European Asset Management Firm of the Year (assets less than €20 billion)

Winner – Marsham Investment Management

What impressed judges about this company was its investment approach that centres around the sustainability transition and on gaining upside from the increasing valuations of companies as they progress with that transition in their own business.

Founded in 2016, London-based Marsham’s investment philosophy is based on unconstrained active management using proprietary fundamental analysis.

Maria Lozovik

The firm is focused on sustainability. More specifically, it targets traditional companies that have chosen to participate in the “green super-cycle by funding changes from within and becoming future-proof”.

Its flagship transitional issuers fixed income strategy is designed to capture overlooked opportunities as companies transition to net zero. According to Marsham, identifying such companies is only possible via in-depth fundamental analysis as there is no quick screening method.

The judges also noted Marsham’s innovative use of AI in helping this firm’s analysis of names that it holds, sifting though sometimes complex and non-uniform ESG-related data.

The company has also taken a firm stance on the issue of divestment versus engagement, believing that “careful selection, rather than exclusion, is the way to help companies get on the right path to sustainability”.

Shortlisted

TOBAM – The active manager has continued to promote its patented ‘maximum diversification’ approach. And in the last year, it has also developed a new range of products. This includes an equity hedged strategy to help build option-based overlays catering for clients’ constraints, as well as a mandate of decentralised finance tokens and the first white-labelled fund with direct multi-crypto exposure.