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Hedge Fund Firm Launches Eco-Friendly Fund
June 24, 2008
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.
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