Guinness Global Investors is to acquire Foresight Group’s public markets division, Foresight Capital Management (FCM), to expand its real asset strategies.
The deal, for an undisclosed sum, includes seven strategies covering real assets and sustainable and impact funds.
FCM’s listed real assets team will be reunited with former manager Mark Brennan, joining the Guinness Real Assets team.
Nick Scullion, partner and head of Foresight Capital Management will remain with Foresight.
Edward Guinness, CEO at Guinness Global Investors, said: “The diversification that listed real assets offer is as important as ever in today’s markets. Reuniting Mark Brennan with the funds he launched at FCM is a great opportunity to build our real assets franchise.”
The funds transferring from FCM to Guinness are:
Listed real assets funds:
- FP Foresight Global Real Infrastructure Fund
- FP Foresight UK Infrastructure Income Fund
- FP Foresight Sustainable Real Estate Securities Fund
- Foresight Global Real Infrastructure Fund (Lux)
- Cromwell Foresight Global Infrastructure Fund
- FP Foresight Diversified Real Assets Fund
Sustainable and Impact funds:
- FP WHEB Sustainability Impact Fund
- WHEB Sustainable Impact Fund (ICAV)
- WHEB Environmental Impact Fund (ICAV)
- FP Foresight Sustainable Future Themes Fund
- Pengana WHEB Environmental Impact Fund
FCM’s WHEB Sustainable and Impact team will sit alongside Guinness’s team managing the Guinness Sustainable Energy strategy, launched in 2006, and the Guinness Global Environment strategy, launched in 2025.
Ted Franks, portfolio manager of the impact strategies, said: “We have long admired the Guinness rigour in investment process and research, with its expertise in areas that are adjacent to our strategies. The combined investment team brings greater scale and I am excited for the challenge.”