IMAS Foundation invests $175m in the Qblue Global Sustainable Leaders Fund

IMAS Foundation, a sister foundation to the INGKA Foundation – the owner of Ingka Group – which owns and operates the majority of the furniture giant IKEA’s…

IMAS Foundation invests $175m in the Qblue Global Sustainable Leaders Fund

IMAS Foundation, a sister foundation to the INGKA Foundation – the owner of Ingka Group – which owns and operates the majority of the furniture giant IKEA’s department stores globally has invested US$175m in the Qblue Global Sustainable Leaders Fund. The Fund, which has an Article 9 classification in accordance with the EU’s Sustainable Finance Disclosure Regulation (SFDR), is sub-advised by Copenhagen-based Qblue Balanced. It was successfully launched in January 2022 as the 14th fund on London-based Heptagon Capital’s UCITS fund offering. Other investors in the Fund include Danish investment company Chr. Augustinus Fabrikker, Singapore-headquartered financial services company Singlife with Aviva, and Swedish insurance company Dalarnas Försäkringsbolag. The September 2022 investment from IMAS takes the Fund AUM to approx. $350m.

Founder and CEO of Qblue Balanced, Bjarne Graven Larsen commented; “We believe that sustainability is about meeting the needs of the present without compromising the ability of future generations to meet theirs. The approach behind our proprietary Sustainability CubeTM framework helps us identify companies with strong leadership capabilities, creating a high level of societal value. By investing in the best of these companies – while taking valuations into account – we believe it is possible to have both a strong sustainability profile and to provide excess returns to investors. As a reputable foundation, IMAS holds a deep commitment to responsible and sustainable investing, which aligns with the ethos and objectives of our Fund. On behalf of Qblue and our partners at Heptagon Capital, we are delighted to welcome IMAS as an investor in the Qblue Global Sustainable Leaders Fund.”

The Qblue Global Sustainable Leaders Fund aims to provide long-term capital growth, investing globally in companies that Qblue believes contribute positively to social and environmental factors. The Fund has a data driven and systematic investment process with a strong focus on sustainability. Qblue’s in-house proprietary investment framework, The Sustainability Cube™, systematically builds a portfolio of companies located around the world that have been identified as sustainability leaders in their respective field. The Sustainability Cube™ defines and measures sustainability in three dimensions with a multitude of sub-measures to achieve a balanced and robust sustainability measure which allows the identification of sustainability leaders and laggards across industries globally. Sustainability is achieved if a company can run a long-term profitable business and at the same time do well simultaneously in the three sustainability dimensions: ESG Industry Leadership, Climate Transition Readiness and SDG Alignment. For more information click here.

About Qblue Balanced

Qblue Balanced, is a Copenhagen-based boutique investment firm founded in 2018 by financial services veteran, Bjarne Graven Larsen who has more than 30 years of experience in the industry. He is the former Chief Investment Officer and executive board member of Ontario Teachers’ Pension Plan (OTPP), one of the world’s largest pension plans, headquartered in Toronto. Prior to that, Bjarne was the Chief Investment Officer and executive board member of ATP, Denmark’s largest and Europe’s fourth largest pension fund. Qblue was founded on a distinct idea and philosophy, ‘to help institutional investors achieve their investment objectives by providing sustainable solutions to obtain more diversified, more robust portfolio construction designs’.

Press contact:

Bjarne Graven Larsen

T +45 20 45 55 90

About Heptagon Capital

London-based Heptagon Capital was founded in 2005 by former Morgan Stanley directors, including Eran Ben-Zour, Tarek Mooro and Fredrik Plyhr, and provides Institutional and Ultra High Net Worth investors creative, class-leading investment opportunities across traditional and alternative asset classes. Heptagon’s $5.5bn Irish UCITS fund umbrella includes funds managed in-house and sub-advised funds managed by well-established third-party managers. Click here to visit our website.

Press contact:

T +44 20 7070 1831

63 Brook Street, London W1K 4HS

Disclaimers 

The document is provided for information purposes only and does not constitute investment advice or any recommendation to buy, or sell or otherwise transact in any investments. The document is not intended to be construed as investment research. The contents of this document are based upon sources of information which Heptagon Capital LLP believes to be reliable. However, except to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to the accuracy or completeness of this document or its contents and, Heptagon Capital LLP, its affiliate companies and its members, officers, employees, agents and advisors do not accept any liability or responsibility in respect of the information or any views expressed herein. Opinions expressed whether in general or in both on the performance of individual investments and in a wider economic context represent the views of the contributor at the time of preparation. Where this document provides forward-looking statements which are based on relevant reports, current opinions, expectations and projections, actual results could differ materially from those anticipated in such statements. All opinions and estimates included in the document are subject to change without notice and Heptagon Capital LLP is under no obligation to update or revise information contained in the document. Furthermore, Heptagon Capital LLP disclaims any liability for any loss, damage, costs or expenses (including direct, indirect, special and consequential) howsoever arising which any person may suffer or incur as a result of viewing or utilising any information included in this document. 

The document is protected by copyright. The use of any trademarks and logos displayed in the document without Heptagon Capital LLP's prior written consent is strictly prohibited. Information in the document must not be published or redistributed without Heptagon Capital LLP's prior written consent. 

Heptagon Capital LLP, 63 Brook Street, Mayfair, London W1K 4HS
tel +44 20 7070 1800
email [email protected] 

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