RMF Launches Alternative Energy Hedge FoF

Sep 5 2007 | 9:30am ET

Swiss-based RMF Investment Management has launched a fund of hedge funds to invest in environment-related industries and strategies. The RMF Environmental Opportunities Fund will invest in clean technology, renewable energy, carbon and emissions trading and in water resources and infrastructure. 

The fund is targeting institutional investors and has been funded with US$18.1 million proprietary capital and US$7 million from one of RMF’s multi-strategy products. It will initially invest in six underlying managers with strategies ranging from equity long/short to commodities and multi strategy offerings and grow to 10-15 managers. It is targeting annual returns of LIBOR + 8-10%.

“Environmental hedge funds offer great profit potential, but the challenge for us, initially, was to find enough liquid strategies with institutional-quality managers,” said Michelle McCloskey, head of the New Alternatives Group at RMF.

“When we started looking at the market over a year ago, only a handful of these hedge funds existed. Over the past year, liquidity in both the equities and futures markets has increased dramatically and we have seen a corresponding increase in the number of fund offerings in the sector. With over 35 hedge funds to choose from, we now are confident that the market is scalable and that the managers are here to stay.”

 


In Depth

Will Liquid Alts’ Performance Sustain Future Asset Flows?

Aug 25 2014 | 10:34am ET

Liquid alternative investment funds saw the highest percentage of capital inflows...

Lifestyle

Hedgies, Economists and Musicians Mingle At Milkin Mixers In Hamptons

Aug 25 2014 | 6:00am ET

Leave it to Michael Milken to bring some gravitas and sweat to the Hamptons -- along...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…