Co-Manager of the Thematics Asset Management Water Fund
Presentation: Water, the most « anchored » of the structural growth themes?
The Thematics Water fund invests in companies that are providers of Water Services and Technologies, or Municipal Solid Waste processing services. This represents a varied opportunity set that we categorize into 3 distinct segments based on the end market use of the products or services within those categories:
- ‘Demand Efficiency’ comprising opportunities in a series of often more economically-sensitive, markets including Consumer, Distributors, Industry and Agriculture
- ‘Pollution Control’exhibiting somewhat more defensive characteristics through the cycle than the broader global stock market
- ‘Water Infrastructure’, including ‘Regulated Utilities’ and ‘Concessions’ with a relatively defensive, predictable earnings and stock market performance profile, and also water ‘Technologies’, where there is a specific water infrastructure application
The result is a fund with an attractive risk/return profile driven by long-term secular trends in its targeted end markets.
With over 20 years of industry experience, Simon is a founder and owner of Thematics Asset Management and the Co-Manager of the Thematics Asset Management Water Fund. Before establishing the Company with his partners, he managed the Pictet Water Fund with his Thematics colleague Arnaud Bisschop. Before Pictet, Simon worked in London and New York for Impax Asset Management, where he managed a range of environmental strategies, including the BNP Paribas Aqua Fund, which he launched in December 2004. Simon began his career as an investment banker, before working for one of the world’s largest Water companies. He has an honours degree in modern languages from the University of Bristol.
Thematics AM is based in Paris and manages over 3 bn USD of client assets across a focused range of global active thematic equity strategies. The company employs 17 people, including 10 highly experienced portfolio managers. Thematics Asset Manager is an affiliate of Natixis Investment Manager.
The firm was set up by 6 partners in early 2019. Five of those partners are highly experienced portfolio managers that have an established reputation and proven track record in thematic investing. The willingness to set up an entrepreneurial boutique entirely focused on thematic investing was motivated by the clear recognition of the underlying market opportunity along with the strong desire to develop and launch unconstrained investment strategies that have the ability to provide sources of resilient growth within client portfolios.