Mirabaud AM is merging France and Luxembourg domiciled convertibles funds into a single vehicle as part of a play to reinforce its ESG range.
The France domiciled fund Altitude Convertible Monde was launched in 2015 to offer Mirabaud's investors access to one of the very first global convertible funds integrating ESG principles in the investment process.
The Luxembourg domiciled Mirabaud- Convertible Bonds Global managed by the same team and designed to cater to a wider European audience has also integrated ESG and sustainability principles in its approach.
Mirabaud AM stated that since the investment processes of both funds had converged, it made sense to merge them to facilitate economies of scale with a larger pool of assets. The proposal has been accepted by investors in both funds, which will now merge.
The Mirabaud Convertibles Bond Global is registered for distribution across multiple European jurisdictions, including Switzerland.
Nicolas Crémieux, (below left) lead portfolio manager of both funds, will continue to manage the continuing Convertibles Bond Global approach under the leadership of Renaud Martin, head of the Convertibles Bond team.