Sustainability-focused asset manager Ambienta, with £1.5 billion in assets under management, has announced two senior hires into its London office as the firm prepares to add to its X Alpha fund.
X Alpha was launched in May of last year using a long/short strategy investing in ‘sustainability champions’ and shorting companies disrupted by changing environmental themes. The firm is about to launch several new strategies with the same thematic process. Due to this increased offering, the firm has hired of Sofia Savvantidou and Oliver Wegener.
Ms Savvantidou was head of the Exane BNP Paribas utilities & renewables equity research franchise prior to joining Ambienta. Previously she was head of utilities equity research at Citi where she worked for 7 years. Ms Savvantidou started her career in JPMorgan as equity research analyst for the utilities sector.
Mr Wegner joins from Sator Square Capital, where he was head trader and also worked alongside Ambienta’s COO, Robert Moore. He has previously worked for nine years at Goldman Sachs, as head portfolio manager of option strategies in private wealth management for EMEA and Asia. Prior to that, he traded options for the award-winning hedge fund Trafalgar Asset Managers.
Fabio Pecce, co-founder and CIO of Ambienta X, said: “I am very excited to welcome Sofia and Oliver to the family. Their experiences, qualities and values will surely enrich the thriving working environment created by the whole team to date. It is a testament to our commitment to attracting top talents, great people with a sense of purpose and a real passion for constant improvement, paramount in pursuing the journey ahead.”