Parker Global Launches Energy Fund Of Funds

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A demand for fossil fuels expected to outstrip supply by 2010 and 2015; power and water infrastructure that are outdated and need to be improved; and high oil and natural gas prices that will drive demand for cheaper alternatives.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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...