Inflection Point Capital Management awarded four-year advisory contract by Ministry of Finance, Norway

20 August 2015
PRI would not have achieved the credibility and status it has gathered globally this past decade without early Norwegian support
Inflection Point Capital Management awarded four-year advisory contract by Ministry of Finance, Norway  
Inflection Point Capital Management has been awarded a four-year general consultancy contract by the Ministry of Finance, Norway, to assist with strategic thinking, analysis and data around responsible investment for the Government Pension Fund Global (GPFG) and the Government Pension Fund Norway (GPFN), covering global and domestic investments.

Two additional companies, MSCI Barra and McKinsey & Company, have been awarded four-year consultancy contracts by the Ministry covering investment strategy, follow-up and development of the management framework.

The main focus of the work for IPCM will be to assist the Ministry in operating and developing the responsible investment practices for the GPFG and the GPFN.

Dr Matthew Kiernan, IPCM Founder and Chairman, commented: “We are delighted that the Ministry selected IPCM against tough competition. This is certainly an exciting project and we are thrilled to be working with an investor that has helped to define some of the most forward-looking thinking in the global responsible investment field, including deepening the understanding of the responsibilities and challenges inherent in being a universal owner.”

IPCM, an FCA-regulated, London-based firm, is just 18 months into a joint venture with the Paris-headquartered Groupe La Française, a multi-asset class manager with nearly €50 billion under management. IPCM’s Strategically Aware Investing (SAI) approach underpins a range of funds approaching €1 billion in assets managed by the asset management arm of the IPCM-GLF joint venture, La Française Inflection Point (LFIP). In June 2015 LFIP launched a Carbon Zero Fund seeded with €25 million by GLF and based on IPCM’s research, methodology and proprietary analysis.

Paul Clements-Hunt, the original United Nations supporter in 2003 of the UN-backed Principles for Responsible Investment (PRI), added: “The Ministry of Finance, Norges Bank Investment Management (NBIM) and the Council on Ethics have been at the very forefront of the most ground-breaking responsible investment work over the past decade. Their work on children’s rights and water issues are world leading.”

Clements-Hunt added: “It’s safe to say that the PRI would not have achieved the credibility and status it has gathered globally this past decade without early Norwegian support.”

Clements-Hunt, a Founding Board member of the PRI, now backed by 1380 investment institutions worldwide representing US$59 trillion in assets, and former head of the United Nations Environment Programme Finance Initiative, is an IPCM Director.

About Inflection Point Capital Management
Inflection Point Capital Management UK Ltd is a UK FCA regulated entity, incorporated on 13 November 2013 with Company Registration Number 8773186.
La Française Inflection Point (LFIP), is a French regulated company, registered with the Autorité des Marchés Financiers under the number 412 382 632 RCS Paris. LFIP is 49% owned by IPCM UK. La Française Group is an investment management business that is majority-owned by Crédit Mutuel du ord Europe, a French cooperative bank. La Française currently manages around €46 bn across multiple asset classes and brings significant compliance, risk management and financial analytical capacity to the LFIP joint venture. La Française Group, through its securities branch La Française AM, holds 51% in LFIP and 49% in IPCM.

Financial Product Warning
This information has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service, investment or financial instrument. The opinions expressed in this information do not constitute investment advice or recommendations or an offer to invest or to provide management services and independent advice should be sought where appropriate. Inflection Point Capital management UK Ltd does not give investment advice or recommendations and nothing in this nformation should be construed as the giving of investment advice or recommendations. Inflection Point Capital Management UK Ltd provides the information herein in good faith. However, to the full extent permitted by law, it accepts no responsibility for the accuracy, completeness or timeliness of the information and waives all responsibility for any loss arising from such information, including without limitation, loss resulting from reliance upon such information. All information and opinions expressed herein are subject to change, correction, completion and amendment without notice at any time. Prior to making any investment, a prospective investor should consult with its own investment, legal and tax advisors to evaluate independently the risks, consequences and suitability of that investment.

Meet the Inflection Points Team

Inflection Point Capital Management brings together a team of professionals with practical, on the ground experience working in changing, innovative environments on a global basis. Key team members include:

Dr Matthew Kiernan
Founder and Chief Executive of Inflection Point, and previously Innovest Strategic Value Advisors. Former advisor to Secretary General of the UN Earth Summit in Rio de Janeiro in 1992. Prior to establishing Innovest, Matthew was a renowned management consultant and, during his tenure at Innovest, author of Get Innovative or Get Dead (1995). His most recent book is Investing in a Sustainable World (2009).

Paul Clements-Hunt
Principal and board director of both IPCM and LFIP. Thought leader in the global sustainable finance and investment industry who from 2000-2012, headed the UNEP Finance Initiative. During this period, UNEPFI founded the Principles for Responsible Investment, serving on the PRI board over its formative, growth years. In 2011-2012 Paul supported Former UK Prime Minister Gordon Brown in his work on financial stability and sustainability for UN Secretary General Ban Ki-moon.

Donald MacDonald (IPCM board Director):
Current Chair of the Institutional Investors Group on Climate Change, a body with 85 major European institutional investors with EUR 7.5 trillion in funds under management and was previously chair of the United Nations-backed Principles for Responsible Investment shortly after its launch in April 2006 until stepping down after more than four years in December 2010.

Andy White Executive managing director
Leads the global research team. Prior to joining IPCM he served as global managing director of Research with Innovest Strategic Value Advisors. In that capacity, Andy was instrumental in building and leading the research team which was consistently as rated #1 in the world. He led several ground-breaking advisory assignments, including the creating the Access to Medicines Index of global pharmaceutical companies.

Gordon Noble, Managing Director, IPCM:
Previously Director of Investments at Australia’s peak industry body, the Association of Superannuation Funds of australia. He led the project establishing the Responsible Investment Academy with the Responsible Investment Association Australasia (RIAA), which has recently been sold to the PRI. Prior to that Gordon worked with the PRI Secretariat, Innovest and in the labour movement.

In addition, IPCM’s global team includes experienced professionals including Perrine Dutronc, Managing Director (Paris) and Heather Langsner, Managing Director & Chief Portfolio Strategist (New York).

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Our contact details are: 
12 Berkeley Street London W1J 8DT United Kingdom
Email: [email protected]