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BNP AM's new Earth fund beats annual return target in less than three months

Launched in July, BNP Paribas Asset Management's fund Earth chases absolute returns by combining the flexibility of a hedge fund with the constraints of a thematic strategy. Senior Portfolio Manager Ulrik Fugmann elaborates on the fund's three-legged strategy.

"We have seen good inflows, and I think we have a decent pipeline to make it past the first USD 100m in the very near-term," says BNP Paribas Asset Management Senior Portfolio Manager, Ulrik Fugmann. | Photo: PR / BNP Paribas AM

When many Europeans were on summer holiday in July, senior portfolio managers at French asset manager BNP Paribas Asset Management Ulrik Fugmann and Edwards Lees were busy launching their fund Environmental Absolute Return Thematic - known as Earth.

Earth invests in the energy transition theme but also expands into companies within agriculture, smart materials and, very broadly speaking, industrial companies, according to Fugmann.

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