Hedge Fund Firm Readies Environmental Fund Of Funds

Mar 6 2008 | 12:00am ET

Hong Kong-based alternative asset management firm PCM Capital is gearing up to launch a green-focused fund of hedge funds on April 1.

The new vehicle, the PCM Green Power Fund, will have an Asian focus and invest in environmental and alternative energy related sectors, including clean energy, CO2 derivatives, power trading, water management, waste management, and related industries. Like its sister fund—the PCM Asia Pioneer Fund—the new vehicle will employ a vigorous top-down and bottom-up investment approach.

The fund will target an annualized risk adjusted return of between 20 to 25% with a volatility of 15%. It will feature monthly liquidity with a minimum investment requirement of US$500,000, and charge a 1.5% annual management fee and a 10% performance fee, subject to a high water mark.

“We are excited to be on the forefront of the next big market opportunity,” says Norman Chan, CIO of PCM Capital. “Increasingly day by day, one can find news article reporting the looming environmental issues, increasing government action and innovative ‘clean tech’ companies. And being in Asia, we are uniquely positioned to witness firsthand how the developing economies manage rapid growth and tackle environmental problems.”

PCM Capital was established in 2006 to provide financial advice and asset management service to investors with a focus in alternative investments.

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