Opalesque Exclusive: Green investing refocuses with U.S. Congress Bill as hedge fund veteran launches first 'green' fund of hedge funds
Wednesday, July 29, 2009
From Kirsten Bischoff, Opalesque New York:
There seemed to be a lull in the "green investing" markets as the financial crisis took hold in the US and crude oil prices dropped from all time highs last July to somewhere seemingly more reasonable now. However, the environment has a way of refocusing our attention when it wants to. The US States of Texas and California are both currently battling severe droughts (Texas facing the worst in 50 years), as is India and as has Australia with multi-year drought issues. Also snapping investors back into focus is the US climate bill, making its way through Congress and with it a renewed focus on the inv......................
From the Opalesque team:
Paris-based Algodeal, a quant platform founded by IT professionals Benjamin Filippi (formerly at Lehman) and Jean-Christophe Allemand (formerly at Newedge), will launch its first fund towards the end of 2Q1