GAM has hired Paul Udall, formerly of Climate Change Capital, Tudor Investments and Morley Fund Management, as an investment director in London. He joined the firm on Monday to manage a UCITS III equity fund that will focus on environmental and sustainable investment themes. The fund is expected to launch later this year.
Udall was most recently with Climate Change Capital, where he managed a global environmental opportunities long/short fund with Ronnie Lim. He previously ran systematic market-neutral strategies at Tudor in Greenwich, Conn. At Morley he managed long/short, absolute return and long-only SRI portfolios.
"Funds that focus on sustainable