Wednesday, 1 October 2014
Last updated 2 hours 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A demand for fossil fuels expected to outstrip supply by 2010 and 2015; power and water infrastructure that are outdated and need to be improved; and high oil and natural gas prices that will drive demand for cheaper alternatives.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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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