Monday, 29 August 2016
Last updated 2 days ago
Sep 8 2006 | 12:00am ET
Energy & Environment Capital Management and Coastal Partners have teamed up to create an offshore version of the Energy & Environment Fund, which was launched earlier this year. The new fund-of-hedge funds vehicle is slated to launch this month and will be domiciled in the Bahamas.
“We see investment opportunities in energy and environmental hedge fund managers as a diversified opportunity across commodity, geography and financial instruments,” said Peter Fusaro, CEO of EECM. Fusaro will manage the new offering along with his partner, Gary Vasey.
The new offshore fund will be administered by Sterling Management Limited and audited by KPMG.
New York-based EECM was founded by Fusaro and Vasey earlier this year. The pair are co-authors of the recently published Energy & Environmental Hedge Funds: The New Investment Paradigm and they also run the Energy Hedge Fund Center.