On 19th January, 2017, AIM and Lombard Odier IM announced a partnership and we are delighted to share the press release below:
Lombard Odier Investment Managers (‘Lombard Odier IM’) is partnering with Affirmative Investment Management (AIM), the fixed income manager dedicated to impact strategies, to supplement its existing impact investing capabilities and launch a new fund designed to help combat climate change in a verifiable way.
Lombard Odier IM and AIM both have a strong heritage of sustainability and impact investing. With over 20 years of responsible investment expertise, Lombard Odier was one of the first institutions to include environmental and social criteria in its financial research, and to offer its clients investment solutions that fully integrate their values.
AIM launched in 2014 as the first fixed income asset manager dedicated to offering strategies that target positive climate and social impact, while seeking to delivering mainstream bond-market risk and return.
The impact of climate change is already being seen and the risks are escalating, affecting not only the world’s economic growth but also the lives of millions of people. We believe tackling climate change requires a significant shift towards a low-carbon economy and investment in climate change solutions.
Carolina Minio-Paluello, Global Head of Sales and Solutions at Lombard Odier IM, comments: “Climate change is the challenge of our generation. There is a significant gap between the current level of investment into climate change solutions, estimated at USD 360 billion in the past year, and the USD700 billion required each year to meet the COP21 objective to limit climate change to two degrees1. A major shift in capital is required to tackle this funding gap, and our investors are keen to understand how they can be involved. We are extremely pleased to be partnering with the specialists at AIM and together with our own robust impact investing expertise, we are seeking to develop a compelling and competitive proposition for investors."
AIM has a highly experienced team of investment professionals, who are actively involved in the partnership with Lombard Odier IM, including Chairman Stephen Fitzgerald, formerly the CIO International Fixed Income at Goldman Sachs Asset Management and previously a member of the Board of Guardians for Australia’s Future Fund; CEO Stuart Kinnersley, who created the first dedicated Green Bond fund at Nikko AM in 2010; and Head of Sustainability Judith Moore, who originated the criteria for the creation of green bonds while Head of the World Bank’s Corporate Responsibility team.
Stephen Fitzgerald, Co-Founder and Chairman of AIM said: “Responsible capitalism has often been perceived as coming at a cost; either lower returns or increased risk. Our approach seeks to combine mainstream portfolio management and impact, without compromising either. Our partnership with Lombard Odier is an exciting opportunity to finance positive solutions to global challenges.”
About Lombard Odier
Lombard Odier is a leading global wealth and asset manager focused on providing solutions to private and institutional clients.
For 220 years, the firm has been solely dedicated to serving clients and forged a strong tradition of innovation in the way it advises clients, manages investment strategies and develops new technologies.
With 223 billion Swiss francs of total client assets, per end-June 2016, Lombard Odier provides 360 degree wealth management services including among others succession planning, discretionary and advisory portfolio management and custody services.
Lombard Odier Investment Managers (LOIM), the Group’s asset management unit, offers its clients a range of innovative solutions including risk-based asset allocation, thematic equity investments, convertible bonds as well as alternative strategies.
One of the world’s best-capitalised banks, with a highly liquid balance sheet, Lombard Odier has grown stronger through more than 40 financial crises and stayed true to its primary vocation of preserving and growing clients’ wealth.
As an independent business wholly owned by its Partners, stability is the watchword. The Partners are able to maintain a long-term vision and to develop mutual trust with their clients.
Lombard Odier Group employs about 2,250 people. Headquartered in Geneva since 1796, the Group has 26 offices in 19 jurisdictions including London, Paris, Zurich, Moscow, Dubai, Hong Kong, Singapore and Tokyo.
About Affirmative Investment Management
Affirmative Investment Management Partners Limited (AIM) is the first dedicated green bond manager focusing solely on bond and cash investments that generate positive environmental & social externalities. It is an independent, owner managed Private Company established in 2014.
AIM investments support the 17 UN Sustainable Development Goals and the Climate Change Paris Agreement (UN COP 21) and our approach is a fusion of mainstream portfolio management and sustainability principles.
AIM’s approach is both unique and new but based on a foundation of experienced professionals, leading innovators and best in class industry support providers. Our co-founders have over 26 years of experience on average.
AIM is comprised of a team of individuals who have been strong advocates and instrumental in the evolution of the green bond market. Creating the original green bond eligibility template, the world first green bond fund and the longest performance track record in the market place demonstrating no sacrifice to investment return.
By creating a robust proprietary sustainability verification methodology based on high standards, AIM ensures high standards and integrity within our investment universe in a rapidly growing but still nascent asset class. Helping engender trust on which to build a solid foundation for future growth.
Through creative innovation of product offerings, pro-active engagement and a pivotal position in the market place, AIM is able to drive and influence new initiatives which will result in a broader and growing Green bond market. AIM is the first fixed income manager to provide an Impact Report across all our portfolios.