In line with it’s objective to integrate ESG criteria into 90% of its mainstream AUM by 2019, Lombard Odier IM announced the launch of a new sustainable market neutral fund.

The TerreNeuve fund will follow the investment process of its offshore counterpart that was launched earlier this year, with a bottom-up approach and focus on several sectors such as global consumer, agriculture, chemicals, environmental and medical technologies. The fund uses a proprietary sustainability rating system and will target high single digit net returns with a volatility of 6% to 7%.