Monday, 27 March 2017
Last updated 6 hours ago
Jan 12 2009 | 10:28am ET
New York-based asset management firm GFX Alternatives has created a multi-manager portfolio to invest in the alternative energy investment sector. The new platform will allocate assets to investment managers who specialize in a broad spectrum of alternative energy opportunities.
The firm is led by veteran hedge fund executives Lauralouise Duffy and Anric Blatt.
“Throughout the world there is an energy revolution occurring that is driving public and private investments into the alternative energy arena,” said Duffy, CEO of GFX Group. “Investments in alternative energy solutions are aimed at achieving energy independence while reducing environmental damages.”
“Increased spending in alternative energies and renewable resources will cause significant economic growth and prosperity for the companies embracing this change, yet very few asset management companies exist to explore, develop and profit from this phenomenon,” said Anric Blatt, chairman of GFX.
GFX Alternatives will being accepting outside investors at the end of the first quarter, and aims to cap assets in the new strategy at $1 billion.
GFX Alternatives is a member of the Global Fund Exchange Group, an alternative investment management business that is focused on the alternative energy and renewable resources sectors. The firm is headquartered in New York and has offices in Hong Kong and Singapore. The firm’s mission statement is “People, Planet, and Profit.”
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