Saturday, 23 May 2015
Last updated 15 hours ago
Dec 3 2008 | 9:52am ET
Copenhagen, Denmark-based Danfonds is readying a pair of new offerings to be added as separate classes of its maiden hedge fund, Danfonds Frontier Funds SPC.
The firm is currently in talks with C-Questor, a cleantech company, to launch Carbon Class Shares under the Frontier Markets umbrella. The sub-fund will invest in early stage companies that capture and remove greenhouse gases from the atmosphere using silvicultural (tree) sequestration, aquacultural (marine) sequestration, geological (sub-surface) sequestration and terrestrial (land) sequestration. The fund will also invest in companies exploiting alternative renewable energy sources such as the sun, wind, biomass and waves, which produce either little or no greenhouse gases.
The carbon share class will initially be closed to outside investors and initial seed funding will come from C-Questor and other sources.
In addition, the firm is in negotiations with an external team of managers to launch an African credit fund. In a published article, Danfonds’ CEO Daniel Broby wrote that, “The vast majority of African countries have rudimentary fixed income markets, with debt instruments of short duration. Government bonds do not exist in most African countries but their arrival and/or increased sophistication is imminent.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…