Winslow Management Company closes Green Solutions Fund; To focus efforts on flagship Winslow Green Growth Fund
|March 5th, 2010||
|Winslow Management Company recently announced the closure of its global growth equity fund, the Winslow Green Solutions Fund. Winslow is a fund manager with investment interests in environmental sustainability that was founded by Chief Investment Officer Jack Robinson in 1983.|
According to Winslow’s most recent performance report, the Green Solutions Fund has been lagging behind its Russell Index benchmark. The firm decided it would be in “the best interest of [their] shareholders” to close the Green Solutions Fund and focus their research and investment efforts instead on
“equity securities of environmentally sustainable companies,” which are the core holdings of its flagship Winslow Green Growth Fund.
Winslow defines an environmentally sustainable company as “[a company] with clean and efficient business practices that seek to reduce their environmental impact,” and/or “[a company] whose products or services offer solutions to environmental problems.”
The Green Solutions fund is set to close by the end of March 2010, and Winslow has announced that should shareholders decide to take no action, their accounts will be redeemed as of March 31, 2010.
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