Saturday, 23 May 2015
Last updated 12 hours ago
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.
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…