As per March 2018, a new Managing Director Risk and Finance was appointed, filling the position which became vacant in October 2017. Furthermore, Triodos Investment Management’s Management Council was extended with a Director Food and Agriculture and a Director Socially Responsible Investments (SRI) in 2018.
In the first half of 2018, Triodos Investment Management proposed to the shareholders in Triodos Culture Fund to transfer the fund’s portfolio to Triodos Bank Netherlands and to dissolve the fund. This proposal was accepted by the fund’s shareholders during the Annual General Meeting of Shareholders on 25 May 2018, after which the portfolio was transferred to Triodos Bank Netherlands and the shareholders received the full intrinsic value of their investments in the fund. Triodos Culture Fund represented EUR 86 million in assets under management at the time it was dissolved.
In the spring of 2018, Triodos Investment Management has taken the financial asset management of its SRI proposition in house, appointed a team of new fund managers and increased the number of its analysts. Building on this platform it will develop new investment solutions for investing in listed equities and bonds, enabling investors to increasingly invest with impact through stock markets.
Also, in 2018, Triodos Investment Management has taken on the fund management of Sustainability | Finance | Real Economies SICAV – SIF, also known as the SFRE fund (pronounced Sapphire), after taking on the fund’s portfolio management in 2017. The SFRE fund was launched in March 2015 by the Global Alliance for Banking on Values (GABV) and is designed to deploy substantial capital to financial institutions that play a key role in meeting human needs and advancing essential segments of real economies in their communities. The fund’s mission is to invest in sustainability-focused financial institutions