ABN Amro Plans ‘Green’ Fund Of Hedge Funds

Jul 5 2007 | 9:38am ET

ABN Amro has launched a series of products based on a sustainable-investment fund of hedge funds.

The structured products are based on what ABN calls the first long/short fund of funds meeting sustainable investing criteria.

Launched on Monday, the fund of funds—run by Braxton Glasgow at Rye Brook, N.Y.-based Kenmar Group—invests in some 35 managers. Launched with $26 million from its first investor, the Global Eco Fund hopes to reach $100 million by the end of the year and as much as $400 million by the end of 2008, Asian Investor reports.

The managers hired by the fund of funds—17 based in the U.S., 13 in Europe and 5 in Asia—focus on social and environmental issues, with half of the portfolio invested in socially-responsible equities and sustainable environment assets, with the rest in a variety of asset classes, including financials, commodities, water, biotech, energy and weather. The fund is targeting a 10% to 12% annual return.

Investors will be able to invest in the Global Eco Fund through a variety of structured products devised by the Dutch bank, including leveraged products, principal-protected vehicles and Basel II-compliant offerings.

Related Story: Kenmar Preps Environmentally Friendly, Sustainable Hedge Fund Of Funds


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR