M&G’s Sachin Oza and Stephen Williams are joining Guinness Asset Management as the firm prepares to launch an oil and gas exploration fund.
The duo will be senior energy analysts and part of a five-staff team including Guinness Asset Management founder Tim Guinness, Will Riley and Jonathan Waghorn.
The closed ended fund will invest in quoted companies in emerging market exploration basins targeting a return of 20‐25 per cent over five years. The fund has a minimum investment of €100,000.
Oza and Williams have been at M&G for 13 and six years respectively working on energy research.
Guinness says: “This new fund idea would complement our existing energy fund range very well as it focuses on smaller oil and gas exploration companies while we have historically focussed on medium to large oil and gas companies.
“The wealth of pre‐existing detailed research of opportunities in exploration basins; the 30 position portfolio; and the specific constructive activism approach; coupled with the depth of energy sector experience across the team all adds up to a unique and timely proposition.”