FundRock takes on new Irish ICAV for WHEB Asset Management
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FundRock takes on new Irish ICAV for WHEB Asset Management 05 October 2020London Reporter: Maddie Saghir
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WHEB Asset Management has appointed FundRock to manage its new Irish collective asset-management vehicle (ICAV).
FundRock will provide oversight of the delegated functions, risk and compliance monitoring, as well as distribution support services for the new structure and its sub-fund.
The new Irish-domiciled UCITS fund is set to enable European clients to continue access to the UK firm’s sustainable and impact investing strategy following the UK’s departure from the European Union.
Meanwhile, the new fund will have a sub-fund, called the WHEB Sustainable Impact Fund, which is expected to launch during Q4 2020 and will mirror its existing impact investment fund that is domiciled in the UK, the FP WHEB Sustainability Fund.
George Latham, managing partner of WHEB Asset Management, commented: “We’re delighted to have partnered with FundRock to continue to build our business in the European markets and make our investment strategy available to new investors.”
Xavier Parain, CEO of FundRock, added: “We are pleased to be WHEB’s partner of choice in another fund launch. Sustainable and impact investing is very much entering the mainstream for investors and pioneers like WHEB are well positioned to benefit from the rapid growth in this space. Our best in class solutions will enable the firm to focus on its core business activity of delivering returns to its clients while having a positive impact on society.”
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