Friday, 27 March 2015
Last updated 1 hour ago
Nov 1 2011 | 8:28am ET
UK-based Ecofin, an investment management firm specializing in the global utility, infrastructure, energy and alternative energy sectors, has launched the Ecofin Global Oil & Gas Fund.
Registered in the Caymans, the new fund employs a long/short equity strategy, close to market-neutral; offers monthly liquidity; and launched with $32 million of AUM. Daniel Lacalle is the portfolio manager.
The fund will invest mostly in mid- to large cap equities of super majors, integrated companies, exploration and production companies, refiners and service companies, on a global basis. Ecofin says this is an investment universe of more than 1,200 names worldwide which accounts for an estimated 30% of global equity market indices.
Stock selection will be driven by factors such as access to resources, capital intensity or mid-cycle returns.
Said Ecofin CIO Bernard Lambilliotte: “This oil and gas long/short strategy has been a very successful part of some of Ecofin’s other hedge funds for quite some time. We believe the remarkable market opportunities currently in this space will continue to be there for many years to come, which is precisely why we are now launching this strategy on a stand-alone basis.”
Ecofin, with offices in London, New York, Hong Kong and Geneva, manages $1.8 billion across a range of hedge funds, long-only funds and institutional mandates.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
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…