Announcements & Press Releases

WHEB Asset Management wins first segregated mandate


Appointment by Menhaden Capital PLC brings total AUM to over £100m

London, 3rd August 2015 – WHEB Asset Management LLP (WHEB) has been appointed to manage the listed equities allocation of new Menhaden Capital PLC (Menhaden), representing its first separate account mandate to manage alongside the FP WHEB Sustainability Fund. It will be managed as a concentrated ‘best-ideas’ portfolio focused on solutions to sustainability challenges from within WHEB’s environmental themes.

In combination with the FP WHEB Sustainability Fund, this mandate will take WHEB’s combined assets under management (AUM) in listed equities to approximately £115 million.

Commenting on the announcement, George Latham, Managing Partner of WHEB Asset Management, said: “The appointment by Menhaden represents an important milestone for WHEB Asset Management being our first segregated mandate, and also taking our business through the £100 million AUM barrier. We look forward to building a close relationship with the Menhaden team and are confident that our specialist knowledge of the environmental investment space, combined with Menhaden’s expertise will enable us to maximise the fund’s true potential.”

Ben Goldsmith, CEO Menhaden, commented: “I’m really pleased to be working with WHEB for Menhaden’s allocation to listed equities. Over the past 3 years the team at WHEB have established themselves as a pioneering leader in sustainable investing. It’s great to have them as part of our team.”

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For more information, please contact:

MHP Communications                                      +44(0)20 3128 8100

James Morgan                                                     james.morgan@mhpc.com

Ollie Hoare                                                           ollie.hoare@mhpc.com

 

About WHEB Asset Management LLP

WHEB Asset Management is a specialist fund management business owned and managed by some of the most experienced practitioners of sustainable investment in the sector. The business is focussed on a single investment strategy. Our aim is to generate superior returns from global equities by investing in companies providing solutions to some of the most serious environmental and social challenges facing mankind over the coming decades.

About Menhaden Capital PLC

Menhaden Capital PLC is a newly incorporated investment fund focusing on matching patient capital with investment opportunities created by a global transition to an efficient use of energy and resources, announced on 29 July 2015 that it has raised gross proceeds of £80 million in its initial public offering (“IPO”) of shares on (i) the London Stock Exchange plc’s main market for listed securities (the “London Stock Exchange”) and (ii) the Social Stock Exchange Segment of the ICAP Securities & Derivatives Exchange Main Board (the “ISDX”).