Hedge Fund Firm Launches Eco-Friendly Fund

Jun 24 2008 | 7:22am ET

Hong Kong-based hedge fund manager PCM Capital has recently launched its second fund of funds, an eco-friendly offering.

The new vehicle, the PCM Green Power Fund, debuted on April 1. It trades or invests in a number of environmental and alternative energy related sectors including clean energy, water management, waste management, power trading, CO2 derivatives and environmental technologies. 

PCM Green Power will focus mainly on investments in Asia. In its first two months of trading, the fund returned 1.34% and 1.10%, respectively.

“We are launching this product in response to the compelling investment opportunities emerging in the environmental sectors, particularly in Asia,” said Norman Chan, CIO of PCM Capital. “In addition, there is increasing demand from institutional investors for exposure to environmental related investment.”

Established in 2006, PCM Capital has two funds under management, PCM Asia Pioneer Fund and the PCM Green Power Fund.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of