Guinness Asset Management is a new firm with a long history. The seeds of the current business were first sown in 1987 when Guinness Flight Global Asset Management spun out of Guinness Mahon after a management buyout, following which Tim Guinness was appointed joint CEO of the new company.
In 1993 a US subsidiary, Guinness Flight US, was created near Los Angeles with Jim Atkinson appointed Managing Director.
In 1998 Guinness Flight Hambro (Guinness Flight having merged with Hambro Asset Management in 1997) was acquired by Investec Bank with Tim Guinness becoming joint Chairman of Investec Asset Management.
In 2003 Tim Guinness left Investec and established Guinness Asset Management in London and, together with Jim Atkinson, acquired the US funds business Guinness Flight US to form Guinness Atkinson Asset Management, the US sister company to the London operation.
Guinness Asset Management was the outsourced-manager for the Investec Global Energy Fund until February 2008 following which the company launched the Guinness Global Energy Fund in March 2008.
The Guinness Alternative Energy Fund was launched in December 2007.
In December 2010 five new funds were added to our existing Dublin fund range: the Guinness Global Equity Income Fund, Guinness China and Hong Kong Fund, Guinness Asia Focus Fund, Guinness Global Money Managers Fund and Guinness Global Thematic Fund.
In December 2010 we launched the Guinness Renewable Energy EIS Fund which was followed by the Guinness Renewable Energy EIS Fund 2. Both funds are now fully committed.
In January 2012 we launched the Guinness EIS Fund 3 to invest in renewable energy and energy efficiency, and in October 2012 we launched the Guinness EIS 4, building on these successes.