Mirabaud to merge ESG convertible bond funds

Mirabaud Asset Management is to merge two global convertible bond funds following the convergence of their investment processes, which focus on environmental, social and governance (ESG) integration.

The merger, which has been accepted by its investors, will allow clients to benefit from economies of scale with a larger pool of assets, all the while sticking to the funds’ ESG criteria.

In 2015, the firm launched its French-domiciled Altitude Convertible Monde. Since then, the Luxembourg-domiciled Mirabaud-Convertible Bonds Global, which was set up a year prior, has also integrated ESG and sustainability principles in its approach.

The latter strategy was managed by the same team but designed to cater to a wider European audience.

Following the merger, both ESG convertibles will continue trading under the Mirabaud-Convertible Bonds Global label. Nicolas Crémieux, lead portfolio manager of both funds, will continue to manage the strategy under the leadership of Renaud Martin, head of the convertibles bond team.

Crémieux said: “Thanks to their [convertible bonds] dual nature, they allow investors to maintain a certain exposure to equities’ additional upside potential, whilst keeping the defensive benefits of the bond-floor; all this in an ESG compliant format.”

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST