SWITZERLAND - Sustainable Asset Management (SAM) Group has more than doubled its assets under management (AUM), achieving an annual growth rate of 125% in 2007.
Reto Ringger, founder and CEO, SAM Group, said: "The solution or, as it were, adaptation, to global warming represents an enormous challenge and in this century it will become the most significant economic task and opportunity. SAM is strongly positioned to benefit from this long term mega-trend."
SAM reported a 60% growth in the volume of sustainable funds in Europe and a "substantial" increase in interest among US institutional investors. Over the course of the past year, the French Établissment de retraite additionnelle de la function publique (ERAFP) awarded SAM the single largest socially responsible investment (SRI) mandate in French history, worth in excess of €1bn over the next four years.
The group also announced the launch of a new business unit to develop alternative investment products for institutional and private clients, looking at sustainability hedge funds, alternative theme-based funds and CO2 emissions products.
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