Virgin climate change fund achieves ‘A’ (new) rating

The Virgin Climate Change Fund has achieved an ‘A’ (New) rating from Standard & Poor’s, the world’s foremost provider of independent fund management ratings.

The fund, which launched in January 2008 and is managed for Virgin Money by GLG Partners LP, achieved the rating in part due to the experience of the fund managers, their track record and the support from a strong team.

The Standard & Poor’s report said: “GLG’s strong track record in European equities and success with the similarly managed GLG Environment Fund bode well for the Virgin Climate Change Fund” and also noted that GLG’s Environment and European Funds have “provided excellent net returns to investors”.

The Virgin Climate Change Fund, advised by GLG’s Pierre Lagrange and Ben Funnell who also manage the GLG Environment Fund, has outperformed the MSCI Europe index1 by +9.5% net of fees from launch to the end of March.

The Virgin Climate Change Fund invests in European including UK companies that have a lighter than average environmental footprint than their industry peers and aims for a fund footprint between 30 and 50 per cent lighter than that of the MSCI Europe Index.