LOIM announces commitment of $20mn from the Constitutional Reserve Fund of Monaco for Plastic Circularity strategy

LOIM announces commitment of $20mn from the Constitutional Reserve Fund of Monaco for Plastic Circularity strategy

 

Strategy targets plastic waste as an investible opportunity 

 

Lombard Odier Investment Managers (“LOIM”) today announces a commitment of $20mn from the Constitutional Reserve Fund of Monaco into its new Plastic Circularity strategy.

This commitment furthers LOIM’s position at the forefront of sustainable investing with a new value-added private equity strategy that aims to drive innovation throughout the lifecycle of plastics for increased circularity across all use cases (packaging, textile, construction, transport, electronics).

The Plastic Circularity strategy targets key themes including collection and sorting infrastructure, technology-enabled recycling infrastructure, design and production solutions for improved recyclability and new usage models that extend the life of plastics by reusing, refilling or repairing plastic goods. They directly contribute to a lower carbon circular economy for plastics.

 

Turning plastic waste into a resource.

Today, we let plastic go to waste at the expense of the planet. Transitioning to a circular model for plastic is not just nature-positive, it represents a USD 1.2 trillion global economic opportunity by 2040.1

A circular model means changing how we produce, use and recycle plastic in order to greatly reduce plastic waste and related greenhouse gas emissions.

A new plastics value chain is emerging. It includes innovative plastic materials, new ways of using and re-using plastics, and improved collection, sorting and recycling capabilities.

 

It is time to put plastic waste to work. 

As regulators, consumers and corporates wake up to the plastic challenge, investment opportunities are arising from innovative solution-providers, while also enabling investors to generate impact from reducing plastic waste and greenhouse gas emissions.

With its participation in LOIM’s Plastic Circularity strategy, the Principality's Constitutional Reserve Fund, in line with the commitments of H.S.H. Prince Albert II, will strengthen its presence through investments in companies that provide innovative solutions to effectively combat global warming and preserve the oceans.

Jean-Pascal Porcherot, Co-Head of LOIM and Managing Partner at Lombard Odier said: “Monaco’s sovereign wealth fund is recognised for its strong sustainability focus and we are excited to be working together with them as a key partner. The plastic circularity strategy reflects LOIM’s strategic commitment to creating innovative impact strategies for clients and highlights the significant role that private markets play in delivering sustainability outcomes and attractive financial returns.”

About Lombard Odier IM

At Lombard Odier Investment Managers, we are rethinkers with one goal in mind. To provide our clients with outstanding investment solutions that meet their needs for the long term and evolve to thrive in the challenging world in which we all live. 

We are focused investment specialists, seeking out investment opportunities that lie on less trodden paths, where our diverse and talented team can add genuine, persistent, value to our clients. We constantly rethink what we know and do, innovating to create new strategies and develop new ways of investing. 

We believe that the next economic revolution has already begun, and that sustainability will be a major driver of returns for the foreseeable future and beyond. For those with the skills to adapt to this new reality, sustainability would create new sources of alpha, open up new investment opportunities and lead to enhanced return and reduced portfolio risk.

Our team of sustainability experts combine sophisticated data sources, academic rigour, and technical innovation to create leading-edge, science-based tools that provide unique insights that are available to all our investment professionals. 

These unique insights are reflected directly in our growing range of dedicated sustainable investment strategies that are aligned to this core belief, that our economic model must move from being Wasteful, Idle, Lopsided and Dirty to become Circular, Lean, Inclusive and Clean. We call this The CLIC® Economy.

With more than 180 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of 63 billion CHF (as of 31 December 2022).

 

Contact

Celeste Herriger
Head of PR, Lombard Odier Investment Managers
Tel.: +44 20 3206 6167
c.herriger@lombardodier.com
 

Sources

[1] Source: Systemiq; Lau, Winnie and Reddy, Simon. Breaking the Plastic Wave: Top Findings for Preventing Plastic Pollution, The Pew Charitable Trusts. Published 23 July 2020.

important information.

This document has been issued by Lombard Odier Funds (Europe) S.A. a Luxembourg based public limited company (SA), having its registered office at 291, route d’Arlon, 1150 Luxembourg, authorised and regulated by the CSSF as a Management Company within the meaning of EU Directive 2009/65/EC, as amended; and within the meaning of the EU Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD). The purpose of the Management Company is the creation, promotion, administration, management and the marketing of Luxembourg and foreign UCITS, alternative investment funds ("AIFs") and other regulated funds, collective investment vehicles or other investment vehicles, as well as the offering of portfolio management and investment advisory services.
Lombard Odier Investment Managers (“LOIM”) is a trade name.

This document is provided for information purposes only and does not constitute an offer or a recommendation to purchase or sell any security or service. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful. This material does not contain personalized recommendations or advice and is not intended to substitute any professional advice on investment in financial products. Before entering into any transaction, an investor should consider carefully the suitability of a transaction to his/her particular circumstances and, where necessary, obtain independent professional advice in respect of risks, as well as any legal, regulatory, credit, tax, and accounting consequences. This document is the property of LOIM and is addressed to its recipient exclusively for their personal use. It may not be reproduced (in whole or in part), transmitted, modified, or used for any other purpose without the prior written permission of LOIM. This material contains the opinions of LOIM, as at the date of issue.

Neither this document nor any copy thereof may be sent, taken into, or distributed in the United States of America, any of its territories or possessions or areas subject to its jurisdiction, or to or for the benefit of a United States Person. For this purpose, the term "United States Person" shall mean any citizen, national or resident of the United States of America, partnership organized or existing in any state, territory or possession of the United States of America, a corporation organized under the laws of the United States or of any state, territory or possession thereof, or any estate or trust that is subject to United States Federal income tax regardless of the source of its income.


Target performance/risk represents a portfolio construction goal. It does not represent past performance/risk and may not be representative of actual future performance/risk.

Although certain information has been obtained from public sources believed to be reliable, without independent verification, we cannot guarantee its accuracy or the completeness of all information available from public sources.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by LOIM to buy, sell or hold any security. Views and opinions are current as of the date of this presentation and may be subject to change. They should not be construed as investment advice.

No part of this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorised agent of the recipient, without Lombard Odier Funds (Europe) S.A prior consent. 
©2023 Lombard Odier IM. All rights reserved.
 

    LOIM announces commitment of $20mn from the Constitutional Reserve Fund of Monaco for Plastic Circularity strategy

    LOIM announces commitment of $20mn from the Constitutional Reserve Fund of Monaco for Plastic Circularity strategy

     

    Strategy targets plastic waste as an investible opportunity 

     

    Lombard Odier Investment Managers (“LOIM”) today announces a commitment of $20mn from the Constitutional Reserve Fund of Monaco into its new Plastic Circularity strategy.

    This commitment furthers LOIM’s position at the forefront of sustainable investing with a new value-added private equity strategy that aims to drive innovation throughout the lifecycle of plastics for increased circularity across all use cases (packaging, textile, construction, transport, electronics).

    The Plastic Circularity strategy targets key themes including collection and sorting infrastructure, technology-enabled recycling infrastructure, design and production solutions for improved recyclability and new usage models that extend the life of plastics by reusing, refilling or repairing plastic goods. They directly contribute to a lower carbon circular economy for plastics.

     

    Turning plastic waste into a resource.

    Today, we let plastic go to waste at the expense of the planet. Transitioning to a circular model for plastic is not just nature-positive, it represents a USD 1.2 trillion global economic opportunity by 2040.1

    A circular model means changing how we produce, use and recycle plastic in order to greatly reduce plastic waste and related greenhouse gas emissions.

    A new plastics value chain is emerging. It includes innovative plastic materials, new ways of using and re-using plastics, and improved collection, sorting and recycling capabilities.

     

    It is time to put plastic waste to work. 

    As regulators, consumers and corporates wake up to the plastic challenge, investment opportunities are arising from innovative solution-providers, while also enabling investors to generate impact from reducing plastic waste and greenhouse gas emissions.

    With its participation in LOIM’s Plastic Circularity strategy, the Principality's Constitutional Reserve Fund, in line with the commitments of H.S.H. Prince Albert II, will strengthen its presence through investments in companies that provide innovative solutions to effectively combat global warming and preserve the oceans.

    Jean-Pascal Porcherot, Co-Head of LOIM and Managing Partner at Lombard Odier said: “Monaco’s sovereign wealth fund is recognised for its strong sustainability focus and we are excited to be working together with them as a key partner. The plastic circularity strategy reflects LOIM’s strategic commitment to creating innovative impact strategies for clients and highlights the significant role that private markets play in delivering sustainability outcomes and attractive financial returns.”

    About Lombard Odier IM

    At Lombard Odier Investment Managers, we are rethinkers with one goal in mind. To provide our clients with outstanding investment solutions that meet their needs for the long term and evolve to thrive in the challenging world in which we all live. 

    We are focused investment specialists, seeking out investment opportunities that lie on less trodden paths, where our diverse and talented team can add genuine, persistent, value to our clients. We constantly rethink what we know and do, innovating to create new strategies and develop new ways of investing. 

    We believe that the next economic revolution has already begun, and that sustainability will be a major driver of returns for the foreseeable future and beyond. For those with the skills to adapt to this new reality, sustainability would create new sources of alpha, open up new investment opportunities and lead to enhanced return and reduced portfolio risk.

    Our team of sustainability experts combine sophisticated data sources, academic rigour, and technical innovation to create leading-edge, science-based tools that provide unique insights that are available to all our investment professionals. 

    These unique insights are reflected directly in our growing range of dedicated sustainable investment strategies that are aligned to this core belief, that our economic model must move from being Wasteful, Idle, Lopsided and Dirty to become Circular, Lean, Inclusive and Clean. We call this The CLIC® Economy.

    With more than 180 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of 63 billion CHF (as of 31 December 2022).

     

    Contact

    Celeste Herriger
    Head of PR, Lombard Odier Investment Managers
    Tel.: +44 20 3206 6167
     

    Sources

    [1] Source: Systemiq; Lau, Winnie and Reddy, Simon. Breaking the Plastic Wave: Top Findings for Preventing Plastic Pollution, The Pew Charitable Trusts. Published 23 July 2020.

    important information.

    This document has been issued by Lombard Odier Funds (Europe) S.A. a Luxembourg based public limited company (SA), having its registered office at 291, route d’Arlon, 1150 Luxembourg, authorised and regulated by the CSSF as a Management Company within the meaning of EU Directive 2009/65/EC, as amended; and within the meaning of the EU Directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD). The purpose of the Management Company is the creation, promotion, administration, management and the marketing of Luxembourg and foreign UCITS, alternative investment funds ("AIFs") and other regulated funds, collective investment vehicles or other investment vehicles, as well as the offering of portfolio management and investment advisory services.
    Lombard Odier Investment Managers (“LOIM”) is a trade name.

    This document is provided for information purposes only and does not constitute an offer or a recommendation to purchase or sell any security or service. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful. This material does not contain personalized recommendations or advice and is not intended to substitute any professional advice on investment in financial products. Before entering into any transaction, an investor should consider carefully the suitability of a transaction to his/her particular circumstances and, where necessary, obtain independent professional advice in respect of risks, as well as any legal, regulatory, credit, tax, and accounting consequences. This document is the property of LOIM and is addressed to its recipient exclusively for their personal use. It may not be reproduced (in whole or in part), transmitted, modified, or used for any other purpose without the prior written permission of LOIM. This material contains the opinions of LOIM, as at the date of issue.

    Neither this document nor any copy thereof may be sent, taken into, or distributed in the United States of America, any of its territories or possessions or areas subject to its jurisdiction, or to or for the benefit of a United States Person. For this purpose, the term "United States Person" shall mean any citizen, national or resident of the United States of America, partnership organized or existing in any state, territory or possession of the United States of America, a corporation organized under the laws of the United States or of any state, territory or possession thereof, or any estate or trust that is subject to United States Federal income tax regardless of the source of its income.


    Target performance/risk represents a portfolio construction goal. It does not represent past performance/risk and may not be representative of actual future performance/risk.

    Although certain information has been obtained from public sources believed to be reliable, without independent verification, we cannot guarantee its accuracy or the completeness of all information available from public sources.

    Views and opinions expressed are for informational purposes only and do not constitute a recommendation by LOIM to buy, sell or hold any security. Views and opinions are current as of the date of this presentation and may be subject to change. They should not be construed as investment advice.

    No part of this material may be (i) copied, photocopied or duplicated in any form, by any means, or (ii) distributed to any person that is not an employee, officer, director, or authorised agent of the recipient, without Lombard Odier Funds (Europe) S.A prior consent. 
    ©2023 Lombard Odier IM. All rights reserved.