Parmenion Capital Partners
Andrew Gilbert started his career in the industry straight after university, when he joined Rathbone Greenbank as an investment assistant. A few months later he moved to Parmenion Capital in an analyst role and it was not long before he approached his employers with an idea for an ethical proposition. Less than two years later, the firm launched its socially responsible and ethical portfolio range.
Now aged just 27, Gilbert has been an investment manager at the firm since 2014. He also chairs the ethical oversight committee and has co-management responsibilities of £2.6 billion of assets. Together with his investment team, they determine which funds they will select through monthly reviews of three investment committees: investment oversight, ethical oversight, and investment risk.
Every year since 2014, Parmenion’s ethical assets under management have doubled, rising from £21.7 million to £55.3 million in 2015, then on to £110.7 million as of August 2016.
On the whole, the firm’s buy list has nearly 250 positions, reviewed on a monthly basis using an extensive quantitative screening process, as well as ongoing manager meetings throughout the year. Some 55% of the buy list features passively-managed funds and another 38% is in active ones. Gilbert says Parmenion’s biggest fund provider is Vanguard, with Miton being the boutique it allocates most to.
He cites Liontrust Sustainable Future UK Growth, run by Peter Michaelis, as his hidden gem fund pick.
Artificial intelligence is increasingly becoming part of the firm’s investment process, Gilbert adds. ‘Our quantitative screening process helps us to focus our time on those managers who consistently add value on a risk-adjusted basis.’