Virgin Climate Change Fund - The fund that puts performance first, but doesn't forget the planet

Fund managers

About GLG

World class expertise in high-growth investments

To launch the Virgin Climate Change Fund we’ve teamed up with GLG, a world class fund manager with a proven track record of high returns. Typically, GLG have previously only dealt with high net worth individuals and large institutions.

GLG is one of the world’s leading alternative asset managers.

• One of the largest independent alternative asset managers in Europe.
• Over $22 billion in net assets under management (AUM) as of 31 December 2009.
• World class client base.
• Rigorous risk management and controls.
• Talented team, over 300 strong, including 120 investment professionals located in London and New York.
• Winner of ‘Thomson Extel Surveys’ No.1 Hedge Fund 2006 and 2007. Winner of ‘Euromoney’ Best Hedge Fund 2006.

About the Climate Change Fund Managers

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Fund managers

About the Climate Change Fund Managers

The fund benefits from the input of 30 investment professionals based in London.

It’s managed by Pierre Lagrange (a founder of GLG and Partner) and Ben Funnell (manager of GLG’s flagship European Equity Fund). Adeline Diab is a dedicated Environment sector analyst working exclusively on the fund.

Ben Funnell

Ben Funnell joined GLG in May 2006 from Morgan Stanley, where he was a Managing Director and co-head of European Equity Strategy. His work focussed on market and sector selection using a disciplined fundamental approach. In his 8 years as a strategist his team was ranked first in the Institutional Investor poll six times and ranked first in every major poll in the last two years. Prior to working on Strategy Ben was a Transport Analyst at Morgan Stanley, where he worked on the IPO of Ryanair.

Pierre Lagrange
Following his MA in Engineering at Solvay Business School in Brussels, Pierre worked at JP Morgan for 4 years in government bond trading. He joined Goldman Sachs in 1989 where he had responsibility for managing global equity portfolios. In 1995, he co-founded GLG Partners as a division of Lehman Brothers International (Europe), where he was Managing Director concentrating an advising clients, asset allocation and co-managing Pan-European equities. In September 2000, Pierre co-founded GLG Partners LP where he has overall responsibility for European equities including long-short and long-only funds.

Adeline Diab
Adeline has 8 years of experience in portfolio management and investment research. In September 2007 Adeline joined GLG Partners in London with overall responsibility for GLG Green Research and co-managing both GLG Environment Fund and Virgin Climate Change Fund. Prior to that, Adeline worked at HSBC in Paris, where she had responsibility for SRI global equity research mainly focusing on climate change themes. Adeline started her career at the World Bank in a graduate program and then at Suez where she was a project financing analyst in the energy and water sectors. Adeline completed an MBA in Finance and Strategy at the HEC Paris Business School in combination with the University of Minnesota, Carlson School of Management in the US.