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BNP Paribas AM readies to reopen in-demand flagship fund co-run by Danish portfolio manager

After a change of strategy in August 2019, AUM in BNP Paribas AM's Energy Transition fund grew by more than 2,800 percent, and the asset manager decided to soft-close the fund. With new team members in place and the ability to deploy several more billions, the flagship fund will soon reopen for new external investors, co-Head of Environmental Strategies Group Ulrik Fugmann tells AMWatch.

Ulrik Fugmann and Edward Lees, co-head of BNP Paribas Asset Management's Environmental Strategies Group. | Photo: PR / BNP Paribas Asset Management

(Updated with a few corrections on 18 April 2021)

Earlier this year, BNP Paribas Asset Management decided to soft-close its long-only Energy Transition fund, which was one of Europe's best performing funds in 2020. The asset manager now expects to soon reopen the popular product for new external investors.

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