Fund launched under new partnership hits on three ESG impact themes through diversified, concentrated small- and mid-cap portfolio
Canadian investors looking to actively make a positive social and environmental difference now have a new option to consider.
TwinRiver Capital Group (TwinRiver), in partnership with Cidel Asset Management (CAM), has unveiled the new Cidel-TwinRiver Global Impact Fund, which offers exposure to companies that intentionally work proactively to affect positive change for society and the environment.
Encompassing three priority impact investing themes – energy and environment, health and wellbeing, and inclusive economic growth – the fund is composed of a concentrated portfolio of 35 to 50 predominantly small- and mid-cap stocks that’s diversified across global developed markets in North America, Europe, and Asia.
“Impact investing has now moved into the financial mainstream, with more investors placing their money to work for the prosperity of current and future generations,” said Eric Wetlaufer, managing partner of TwinRiver, said in a statement. Wetlaufer will be collaborating with the portfolio management team at CAM in running the strategy for the TwinRiver Global Impact Fund.
A seasoned veteran with global institutional investment experience, Welaufer’s professional history includes time spent as chief investment officer both at Putnam and Fidelity Investments. More recently, he was senior managing director, global head of Public Market Investments at Canada Pension Plan Investment Board (CPPIB).
“These investors want to support businesses making a positive difference, and are looking for credible investment vehicles focused on both meaningful, measurable impact and strong financial returns,” he said. “The time for this shift is now.”
