News

The NASDAQ OMX Group, Inc. and CRD Analytics today introduced the NASDAQ OMX CRD Global Sustainability 50 Index.

West Coast Opportunity Fund, the largest institutional shareholder in Texas-based GreenHunter Energy has voluntarily converted some of its preferred stock into common stock at $5 per share.

Siemens and StatoilHydro this week installed what they say is the first large-scale floating turbine off the coast of Norway where it will undergo two years of testing.

Planning permission has been granted for the first phase of Australia’s biggest wind farm, to be built near Broken Hill, New South Wales.

The war-torn African nation of Sudan recently launched operations at its new $15 million ethanol plant.

Mark HolmanLondon-based fixed-income specialist TwentyFour Asset Management is reading for the launch of a new fund that will invest in residential mortgage-backed securities.

The aim of the new vehicle, The Monument Bond Fund, is to provide stable and predictable income with a high degree of capital preservation.

According to the firm, the RMBS sector has until now been restricted to the institutional investor base, but the new dedicated RMBS fund is being offered to the wider investor community.

D.E. Shaw & Co. is easing—though not lifting—the redemption restrictions it imposed in November.

Hedge fund TPG-Axon Capital Management rode last month’s equity market rally, posting returns in line with most hedge fund indices.

The British government has vowed to fight “tooth and nail” to save London’s hedge fund industry from the European Union’s plan to impose strict new rules.

Paulson & Co. made its name—and a fortune—betting against mortgage-backed securities two years ago.