BLI: Changes to the management teams of certain equity funds
BLI: Changes to the management teams of certain equity funds
BLI (Banque de Luxembourg Investments) announced changes to the management teams of certain equity funds. Fund Manager Joël Reuland will focus on the management of the mixed profiled funds BL Global 30, BL Global 50 and BL Global 75. Responsibility for BL Sustainable Horizon will be transferred to Annick Drui, and Maxime Hoss will become the new Fund Manager of BL Global Equities.
From 1 January 2022, Annick Drui, who has co-managed SRI fund BL Sustainable Horizon since the beginning of 2021 alongside the fund's historical manager, Joël Reuland, has become the fund’s Lead Manager.
Reuland will continue in the investment team as Co-Manager. Annick joined the SRI Strategists’ team in March 2020. In this role, she actively contributed to strengthening the SRI equity investment policy and to the establishment of an active engagement policy.
Since she became Co-Manager of BL Sustainable Horizon, Drui has focused strongly on developing her financial and SRI analysis expertise to identify investment candidates, mainly for the fund’s thematic pocket which specifically targets companies whose business model is aligned with the UN Sustainable Development Goals.
At the same time, Reuland will step down as lead fund manager of BL Global Equities and will be replaced by Maxime Hoss. Hoss has been at BLI since 2013 as a fund selector and fund of funds manager. Hoss also has previous experience in direct-line fund management, and proven expertise in asset allocation.
The fund's investment principles will continue unchanged as it pursues the selection of quality companies with strong and sustainable competitive advantages, robust cash flow generation and profitable growth prospects. There will nevertheless be a greater emphasis on quality growth stocks.
In line with the principles of Business-Like Investing (BLI), controlling volatility and reducing downside risk will remain central to the investment approach.