Resolve Looks to Make Good With Eco Fund

Apr 4 2007 | 2:30pm ET

Another hedge fund shop is looking to whet the investors’ appetites for green and socially-responsible funds. Santa Monica, Calif.-based Resolve Capital is launching its Resolve Eco Fund, which will invest in businesses that look to “resolve environmental, social, health and economic problems,” in June, with $10 million in initial equity. 

The Resolve Fund invests its assets in companies that promote “sustainable economies,” according to fund documents. Specifically, the fund will go long and short in various sectors to profit from climate change and environmental crises; for example, it may go long a solar company to oppose nuclear energy development.

“The time has arrived with all the focus on global warming and a whole lot of things in the media now where it’s not just a green interest but instead it is a great impetus to investment opportunities,” said Doug Hedlund, marketing director. “There is just so much money being poured into it by companies and governments around the world, particularly in Europe. It’s a good investment area now and not just a good thing to do.”

The new offering charges a 2% management fee and 20% performance fee, with a $250,000 minimum investment requirement.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note