Firetrail launches global equity fund
Firetrail Investments has launched a high conviction global equity fund investing in companies benefiting from positive sustainable change.
The fund aimed to uncover global companies going through positive change and those with earning upgrades or valuation re-rating potential. Over the medium to long-term, it aimed to outperform the MSCI Global index after fees.
Sectors the fund explored included carbon reduction, health and wellbeing and technology.
It was managed by Patrick Hodgens, James Miller and Justin Gray, who had worked together for 15 years, and had been seeded by the Firetrail business and staff.
Gray, co-portfolio manager, said: “We have identified a universe of stocks that are set to benefit from positive change across sectors including health and wellbeing, carbon reduction, innovation and technology. The fund targets investors wanting to invest sustainably while not sacrificing outperformance”.
Miller added: “The problem with traditional approaches to sustainable investing is they are backwards looking. Companies that have already been identified as high quality, sustainable leaders aren’t attractive investments as valuations can get too high. Overpaying for hyped-up business can lead to capital losses”.
Firetrail had $6.8 billion in funds under management.
AUTHOR
Laura Dew
Recommended for you
Australian equity ETFs attracted record inflows of $3.2 billion in 1Q25, while heightened volatility led to a decline in flows for global equity ETFs, according to Vanguard.
The failure of a clinical trial by biotech firm Opthea has caused shares in its backer Regal Partners to decline 52 per cent year-to-date and hit its funds under management, quarterly flows show.
GQG Partners has revealed its quarterly flows for the first three months of 2025 were up 5.8 per cent, after a difficult final quarter of 2024 as a result of institutional redemptions.
Global asset manager Janus Henderson has signed a strategic partnership with life insurer Guardian Life, which will commit US$400 million to accelerate the firm’s fixed income development plans.
