Asian Asset Management Firm To Launch Green Hedge Fund

Nov 30 2009 | 9:39am ET

Asia’s largest hedge fund firm is going green. Sparx Group is planning a new vehicle to invest in environmental technologies as it strives to turn things around following its first-ever annual loss.

The Tokyo-based firm, which manages about ¥650 billion, plans to raise ¥20 billion for the fund as soon as January. It will invest in between 20 and 30 Japanese companies, as well as an investment partnership led by Japan Wind Development Co., into which it will pour ¥1 billion. The fund will focus on “smart grid technologies,” Bloomberg News reports.

“Our biggest challenge going forward is how we rebuild our investment strategy on Japan; it’s the key to our revival,” CEO Shuhei Abe told Bloomberg. “And we have embarked on an investment plan for a future green energy society—those with the technology will survive.”

For More Hedge Fund News
Visit Our Sister Publication
FINalternatives


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note