The deal increases the total capacity of operational utility-scale battery storage projects in the fund’s portfolio to 75MW.

The Italian fund group said it is responding to investors’ demands

ESG specialist Christopher Kaminker was previously at SEB, Goldman Sachs and Société Générale

The firm has converted and renamed its previous “socially responsible” fund

This latest fund follows the launch of three exchange traded funds in June

The funds will be available on the Tortoise Ecofin Platform

CIO Valentijn van Nieuwenhuijzen says the score reflects the work undertaken by the fund firm over the past year

Liquidity concerns and higher costs have alienated wealth managers from the asset class

It follows the launch of an ESG Global High Yield fund by the company in 2017

Newton’s Nick Clay and Rob Stewart will manage the fund, with support from the wider equity income team

Despite publishing an extensive ‘Code of Business Conduct’ the company has failed to pay its suppliers within an acceptable time period

Companies will be included if their sustainability credentials are among the best in their sector