Parker Global Launches $500M Energy Infrastructure Fund

Sep 8 2008 | 1:01pm ET

Fund of hedge funds shop Parker Global Strategies has launched a sector-focused strategy investing in U.S. energy infrastructure, including natural gas and crude oil pipelines, refined products and storage tanks. 

The PGS High Income Trust is an open-ended fund that is allocating to five managers running customized mandates. It launched with $500 million.

“Energy infrastructure is vital to the U.S. economy,” said Virginia Parker, chief investment officer. “The sector has sold off significantly over the past year. Most of these companies are not exposed directly to the price of the commodities; providing investors with attractive yields and the potential for growth over time.”

This is the second fund that PGS has launched in energy and natural resources space. Its first, PGS Global Energy Edge, debuted in March 2007, allocating to energy, natural resources, water and environmental strategies.

Headquartered in Stamford, Conn., PGS manages in excess of $1.1 billion assets with offices in Denver, Chicago, Shanghai, Sao Paulo, Brazil and Tokyo.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...