Man, Sovereign Wealth Fund Launch Emissions-Reducing Fund

Jul 8 2008 | 9:14am ET

The Man Group and an Abu Dhabi government investment fund have launched a US$1.5 billion carbon emissions-reducing fund in the latest joint venture between a Gulf state sovereign wealth fund.

Abu Dhabi’s International Petroleum Investment Co. has committed US$300 million to the new MENA Associated Gas and Global Environment Fund, which will invest in North African and Middle Eastern projects, especially in the United Arab Emirates, that capture associated gas from crude oil production and use it to generate electricity or in other industries. In addition, it will help in the development of the fund. IPIC manages some US$13 billion in global energy investments.

Man Investments’ MTM Capital Partners will manage the fund, with Fluor Corp. serving as technical partners.

“MTM is a leader in environmental investments in emerging markets, ad there is a keen appetite for investments that help protect the environment while aiming for very attractive returns,” Man CEO Peter Clark said.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.