EdenTree
From Wikipedia, the free encyclopedia
EdenTree is a British investment management firm operating as a subsidiary of Ecclesiastical Insurance Group and wholly owned by Benefact Group.[1]
| |
| Formerly | Ecclesiastical Investment Management |
|---|---|
| Company type | Private limited company |
| Industry | Financial services |
| Founded | 1988 |
| Headquarters | , |
Number of locations | London, and Gloucester |
Area served | United Kingdom |
Key people | Andy Clark (CEO), Charlie Thomas (CIO) |
| Products | Investment management |
| Owner | Benefact Group |
| Website | www |
Although EdenTree is part of the Benefact Group, a charity-owned financial services group, EdenTree operates as an independent investment management business. It is not part of the Church of England and does not undertake charitable or ecclesiastical activities.[2]
History
Formerly known as Ecclesiastical Investment Management Limited, the firm launched its first UK ethical equity fund in 1988.[3]
It was rebranded EdenTree in 2015 as the word 'Ecclesiastical' was not thought to resonate with asset management and the company wanted to broaden its appeal beyond its traditional clergy investors.[4][5][6][7] As its former name suggests, EdenTree was started as a means for Church of England dioceses to build wealth to support their clergy. Its remit now extends beyond the Church of England to encompass wider charitable and ethical concerns.[8]
The senior fund manager said at the time of rebranding that being linked to the Church of England can be a “double-edged sword”, enticing for some investors but scary for others. “We have a number of Church of England dioceses that invest with us. But, equally, for some [investors] having a faith connotation can be a drawback.”[9]
In March 2022, Ecclesiastical Insurance Group rebranded as Benefact Group.[2]