Turnaround: Green duo hurls global asset manager's thematic fund into 99th percentile in one year
One year back, Ulrik Fugmann and Edward Lees stripped BNP Paribas Asset Management's fund Energy Transition of its assets and implemented a new strategy, which turned the thematic fund into a top performer. Now, despite a growing divergence between profit and share price performance for several companies within the theme, the trend is only in its infancy and represents one of the biggest commercial opportunities of our lifetime, Fugmann tells AMWatch.
!["I am pleased to get Karsten [Kallevig, -ed] into a more strategic role. Throughout the last ten years, he has built op a high-quality real estate organization and adds his valuable investment experience for the future benefit of the fund, writes Nicolai Tangen, chief executive of the Norwegian sovereign wealth fund, in the media release. | Foto: Tony Colli/PR](https://finanswatch.dk/Billeder/article12428215.ece/ALTERNATES/e/doc7cfbk3yl31sd1i7il99.jpg)
