Tuesday, 26 May 2015
Last updated 57 min ago
Mar 26 2007 | 11:53am ET
Alternative investment firm Parker Global Strategies has launched its first energy and natural resources fund of funds, PGS Global Energy Edge. The sector-focused fund has initially invested in 23 managers in the various energy and natural resources sectors.
Each of the selected managers is focused on different segments within the sector to diversify the portfolio across energy, utilities, natural resources, power, materials, infrastructure and alternative and clean technologies, according to the firm.
“This is one of the most exciting sectors in the investable universe and we believe it will be a vital component of investors’ portfolios going forward,” said Virginia Parker, president and founder of PGS.
According Parker Global, key drivers of energy and natural resources markets include: A demand for fossil fuels expected to outstrip supply by 2010 and 2015; power and water infrastructure that are outdated and need to be improved; and high oil and natural gas prices that will drive demand for cheaper alternatives.
The fund of funds charges fees of 1.5/15 with a minimum investment requirement of $1 million.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…