The Redwheel Clean Economy fund will focus on high-quality, growth-oriented companies that have a positive impact on the environment.
Meanwhile, the Redwheel Biodiversity strategy will seek to invest in companies that have a positive impact on biodiversity.
Upon launch, O’Toole will manage both funds. She joins Redwheel after a 12-year stint at Axa Investment Managers, where she managed clean economy and biodiversity strategies.
She is joined by former Tesco Pension Investment Global Equity Fund manager Sebastien Bidault, who was previously assistant fund manager on JO Hambro Capital Management’s European Select Value Fund.
Tord Stallvik, CEO of Redwheel, said: “Amanda has significant expertise and an outstanding track record in running clean economy and biodiversity investment strategies and Sebastien is a skilled and experienced stock picker of high-quality, growth-oriented companies.
“The pair are the first hires for our new sustainable growth franchise and will be supported by our central sustainability team and Greenwheel, our sustainability insights and strategy function, launched earlier this year.”
Commenting on her appointment, O’Toole said: “Protecting our biodiversity and driving the global transition to a clean economy are not only imperatives for the future of our planet, they are among the biggest investment opportunities available. I look forward to contributing to Redwheel’s continued success and bringing this range of solutions to clients globally.”
This article first appeared on ESG Clarity’s sister title Portfolio Adviser.