New Hedge Fund To Make Cleantech Offering

Mar 18 2008 | 12:15pm ET

Newly-formed asset manager Athamas is gearing up to launch its maiden hedge fund to take advantage of opportunities in the cleantech space.

The fund, Athamas SICAV-SIF, will launch on April 15 with $35 million in seed capital.

The long/short fund will invest in equities and derivatives globally with a focus on the U.S. and Europe, according to a fund document obtained by FINalternatives.

The Luxembourg-based fund will make opportunistic bets on companies directly exposed to climate change mitigation: i.e. energy efficiency, auto transport and efficient buildings. In addition, Athamas will also opportunistically invest in commodities.

The partners at Athamas believe that the energy and environmental sectors will be key in the twenty-first century as awareness of global warming leads to new regulations and business initiatives.

The administrator and custodian of the new fund is Fortis Banque Luxemburg and its prime broker is Goldman Sachs.

Athamas was founded in January by Thomas de Mevius, chairman and formerly of UBS Investment Bank London, and three partners: Fabrice Queguineur, formerly of UBS Investment Bank London; Damien Dumont, formerly of Groupama Asset Management; and Jean-Francois Vincke, formerly of Riverlake Shipping.

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