Daniel Godfrey is set to launch his search for managers to look after his proposed listed fund, The People’s Trust, which plans a stock market float in 2017.

First State Investments and Orbis Investments have supported his initiative, and could be included in the final roster of managers. But Godfrey said: "I would like to find a new generation of talent, interested in backing our approach." He wants to hire between three and seven firms using a sustainable investment approach.