Monday, 20 October 2014
Last updated 1 hour ago
Dec 17 2008 | 2:11pm ET
Aurarian Capital has delayed the launch but increased the planned size of its alternative energy lending fund. The firm expects to launch the fund in January.
The firm has also lined up a slate of institutional partners to serve on its advisory board, including Cargill, Emirates National Oil, Marathon Oil, Southern Methodist University, United Technologies, the University of Tennessee and the University of Utah.
The Aurarian Capital Clean Energy Asset-Based Lending Fund will make loans to alternative energy developers to finance the construction of power plants and biofuel refineries. Recent market turmoil has dried up traditional lending sources, and Aurarian has benefited with a larger pipeline of deals at advantageous terms. The firm’s initial fundraising goal of $60 million to 80 million has increased as a result, and the fund now expects to launch with more than $100 million.
“The capital markets’ general unwillingness to finance these new infrastructure projects, coupled with the focus on renewable energy by the current and incoming Presidential administrations, has led to a substantial supply demand imbalance,” said Jason Gold, the CEO of Aurarian Capital.“
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...