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

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note