New York-based GFX Alternatives, a member of the Global Fund Exchange Group, has established a multi-manager portfolio to invest in the alternative energy investment sector.
New York-based GFX Alternatives, a member of the Global Fund Exchange Group, has established a multi-manager portfolio to invest in the alternative energy investment sector.
GFX Alternatives is dedicated to a diversified, global macro, multi-manager approach to allocating assets to premier investment managers who specialise in a broad spectrum of alternative energy opportunities.
The firm is led by a management team of veteran hedge fund executives, Lauralouise Duffy and Anric Blatt, and will accept outside investors at the end of the first quarter of 2009.
‘Throughout the world there is an energy revolution occurring that is driving public and private investments into the alternative energy arena,’ says Duffy, chief executive of GFX Group.
‘Investments in alternative energy solutions are aimed at achieving energy independence while reducing environmental damages. Governments, quasi-governmental organizations, states, countries, corporations and consumers around the world are implementing critical changes to transform their use and selection of energy resources.’
GFX Alternatives seeks to focus its private investment capabilities on the nascent and necessary development of energy alternatives and the evolutionary opportunities that accompany the changing face of global energy.
‘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,’ says Blatt, the firm’s chairman.
‘The GFX team has unique and extensive experience investing in and hedging allocations to the energy and resources sector. The firm is uniquely positioned to take advantage of extraordinary opportunities in this burgeoning corner of the investment world.’
GFX Alternatives aims to cap assets in this strategy at USD1bn and will permit its clients to take direct investments into clean tech, carbon/emissions trading, water supply and treatment, as well as energy specific traders and commodity trading advisers.
