Sparx Plans Green Hedge Fund

Nov 30 2009 | 2:54am ET

Asia’s largest hedge fund firm is going green. Sparx Group is planning a new vehicle to invest in environmental technologies as it strives to turn things around following its first-ever annual loss.

The Tokyo-based firm, which manages about ¥650 billion, plans to raise ¥20 billion for the fund as soon as January. It will invest in between 20 and 30 Japanese companies, as well as an investment partnership led by Japan Wind Development Co., into which it will pour ¥1 billion. The fund will focus on “smart grid technologies,” Bloomberg News reports.

“Our biggest challenge going forward is how we rebuild our investment strategy on Japan; it’s the key to our revival,” CEO Shuhei Abe told Bloomberg. “And we have embarked on an investment plan for a future green energy society—those with the technology will survive.”

Interested in cleantech investing?
Visit our sister publication:
Clean Tech Brief


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...