Ethical funds given boost by Alliance Trust

Today it has been announced that Peter Michaelis, the Head of Sustainable and Responsible Investment (SRI) at Aviva Investors is to move with his whole team to Alliance Trust. We caught up with him this morning to find out a little more about this move and why he feels it is the right one.

Numerous Suitors for Ethical Funds

Peter began by telling us that there “had been a lot of interested parties” in the Aviva Investors SRI team and its £1.2bn of assets which had given him great comfort. And he is delighted to be working again with Katherine Garett Cox, Chief Executive of Alliance Trust PLC with whom he had worked when she was Chief Investment Officer at Morley.

“As a team this is a great outcome.” Peter went onto explain, “we were pretty despondent in early February when we were told that our services were not required (at Aviva Investors),” but now the team, “could not be happier and we can now focus on making SRI a success.”

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