PRESS RELEASE
Guinness Global Investors to acquire Foresight Capital Management
Deal includes seven strategies across real assets and sustainable and impact funds.
Guinness Global Investors (Guinness) today announces the acquisition of Foresight Group’s public markets division, Foresight Capital Management (FCM). The deal includes seven strategies across real assets and sustainable and impact funds.
Real assets strategies
FCM’s listed real assets team will join the Guinness Real Assets team led by Mark Brennan, who co-developed and managed the real assets strategies at FCM prior to joining Guinness. Nick Scullion, Partner and Head of FCM, will remain with Foresight.
Edward Guinness, CEO, 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.”
Mark Brennan, Portfolio Manager at Guinness, said: “Bringing the real assets strategies and team to Guinness accelerates our growth plans, giving us further scale and a larger investment team.”
Eric Bright and Mayank Markanday, Portfolio Managers at FCM, said: “Guinness will provide our listed real assets teams with a great platform for growth. Partnering with Guinness and Mark is a natural fit as we seek to expand our capabilities.”
WHEB strategies
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. The market-defining WHEB impact approach, built on the impact model of enterprise impact and investor contribution, and including measurement, stewardship, governance and transparency, will be retained.
Edward Guinness, CEO, Guinness Global Investors, added: “The FCM WHEB team are recognised thought leaders in responsible investment and will further enhance the expertise we have developed at Guinness. The FCM WHEB Funds have attractive long-term prospects and investee companies are trading on historically low relative valuations.”
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.”
Appendix
The funds transferring from Foresight Capital Management 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
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About Guinness Global Investors
Guinness Global Investors is an independently owned investment management business providing actively managed portfolios across a selection of asset classes, including equity income, growth and specialist thematic equity funds and venture investments.
Guinness's equally weighted funds are not benchmark-constrained, which means fund managers can select stocks without the influence of index weightings and have a high conviction about the stocks in their portfolio.
Guinness Global Investors is 100% owned by its directors and employees.
Guinness Global Investors is a trading name of Guinness Asset Management Ltd, (Company registration 4647882) which is authorised and regulated by the Financial Conduct Authority.