London – (work wire) – Alquity, the leading responsible investment manager, and US-based Spouting Rock Asset Management (Spouting Rock) today announced a joint venture and creation of a new platform to give US investors access to world-class ESG and impact funds.
The strategic partnership will create a distribution platform for Alquity’s funds in the United States, including the Global Impact Fund and the Future World Global Emerging Markets Fund. The partnership also includes Alquity’s Indian Subcontinent Fund, which was among the top ten performing equity funds globally in 2021, according to FT Adviser, proving there is no performance trade-off with ESG and Impact.
Funds focused on environmental, social and corporate governance globally saw their combined assets rise to $3.9 trillion in the third quarter of 2021, according to data compiled by Morningstar. While Europe remains the leader in sustainable funds, both the US and Canada are in their infancy markets. The mission of the new investment and distribution platform is to accelerate the implementation of the multi-billion dollar ESG and influence investment opportunities in North America.
“The North American market is an exciting opportunity to make a difference and make an impact at scale. “We think both the US and Canada are key markets going forward on ESG and the impact curve,” said Brad Crombie, CEO of Alquity. With strong ties and a long-term commitment to the market. This is why we are so excited to be working with the Spouting Rock team with the experience, relationships, and distribution structure to help Alquity establish itself as one of the leaders in the market’s largest growth segment.”
Spouting Rock, which also invests in a London-based company, offers alternative, conventional and objective investment solutions that seek to strengthen portfolios and protect wealth. This joint venture is the latest addition to the company’s well-vetted curated management platform for Active Investment Solutions. More recently in 2021, Spouting Rock established a joint venture with Bell Asset Management in Australia, acquired a minority stake in Glovista Investments and completed a majority investment in Penn Capital.
“We are excited to welcome our UK partners to the Spouting Rock platform,” says Andrew Smith, Chairman of Spouting Rock. “We are committed to providing our clients with targeted investment solutions, including ESG strategies that allow investors to align their capital with environmental and social values. Real, high-quality, impactful investment managers are hard to find, which is why we are so excited about the opportunity to bring Alquity to the United States ”
Alquity is the bridge between listed equity and impact by pioneering a 3D investment model that integrates financial performance, environmental and social portfolio, high-quality corporate governance and catalytic capital for local impact.
“Building a presence in the US market will create an opportunity for us to make a quantum leap in AUM and therefore in the lives we change. Alquity is about building a better, fairer and more sustainable world. Our portfolios drive better corporate behaviors and progress toward the UN Sustainable Development Goals,” said Paul Robinson, Founder and President Alquity, “We are very excited that we have found the right partner at Spouting Rock to develop this across the United States.
This is the latest in Alquity’s ongoing path to developing strategic partnerships and attracting investment. Last year, the London-based company partnered with East Capital Group, as well as completing a capital increase with support from the founders of Investible, Australia’s premier investor, and asset management pioneer Martin Gilbert.
Additionally, as of December 31, 2021, Alquity’s Transforming Lives Program, in which it pumps 10% of fee revenue, has impacted more than 65,000 people by awarding more than $2.4 million in areas where the company invests. This social investment also provides a feedback loop back to the investment teams – a mechanism that characterizes their approach.
About Spouting Rock Asset Management
Founded in 2018, Spouting Rock Asset Management is a multi-boutique management platform that provides alternative, conventional and objective investment solutions and services. This platform of energetic and opportunistic managers presents seasoned investors, financial professionals, and institutions with forward-thinking solutions designed to help them plan for their financial future. Assets under management as of March 31, 2022, which include non-discretionary assets associated with Spouting Rock’s model delivery accounts and their boutique managers, are $3.1 billion.
Alquity is a responsible investment manager that connects listed stocks and impact. Since 2010, she has worked to connect investors with their investments and social progress, in pursuit of better outcomes for all. It has developed a 3D investment approach for its flagship funds, delivering high quality ESG, delivering returns and transforming lives in the areas it invests in.
In addition to investing in major companies that act responsibly, Alquity also makes a catalytic contribution of 10% of fee proceeds to support the poor and marginalized in society to create jobs and businesses through the Alquity Transforming Lives Foundation, a UK registered charity. This award-winning approach, in turn, generates economic growth that benefits the company’s holdings, employees, communities and investors—its virtuous circle. Funds include Alquity Global Impact, Future World, Alquity Asia, Alquity Indian Subcontaine, and Alquity Africa. The company is headquartered in London, and has investments all over the world. Assets under management as of March 31, 2022 is $126 million.