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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...