Winslow Management Company, which specializes in environmentally responsible small-cap growth investments, is considering ways to expand the firm in the U.S. The fund firm recently signed a deal with Jupiter Asset Management, one of the largest green investment firms in Europe, to run the North American assets, about 30%, of a new Jupiter closed-end fund. Winslow has a four-star mutual fund in the U.S. called the Winslow Green Growth Fund.
Matthew Patsky, partner and portfolio manager at Winslow, said the firm may launch a global, small-cap, open-end fund using Jupiter to manage the global portion. He said the mirror fund in the U.S. would make sense, because it is difficult for foreign investors to put money in U.S. portfolios. Patsky said the firm has about $750 million in capacity in the strategy so there is room for more offerings in small-cap growth.
Winslow is also considering other green funds, such as mid-cap or even bonds, though they would require additional staffing and resources. Patsky said there is a lot of opportunity for green investing in the U.S., which now stands at under $1 billion, versus Europe’s $5-$6 billion, in assets.