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From Komfie Manalo, Opalesque Asia – Communications and consultancy firm Sustainable Options Ltd has announced the launch of the Sustainable Resources Fund, an open ended hedge fund that offers appeal to both green and Islamic investors. The fund aims to raise $100m for investment in a mix of agro-forestry, land and sustainable agricultural sectors.
In an e-mailed statement, Sustainable Options’ Founder and Managing Director Stuart Andrews said that the fund has appointed Alpha Wealth Management as investment manager and Apex Fund Services as fund administrator. The combined skills of Alpha Wealth Management and Apex Fund Services are expected to provide prudent diversified investments across geographically diverse regions, different species and plantations to reduce project specific risk. "Utilising tough ethical, environmental and commercial criteria to each investment, their mission statement is to generate wealth through sustainable resources," Andrews said.
He added that the asset raising would be the first closed on December 3rd and remain open for investments. The fund anticipates one or two large investments of around $10 million each, as well as numerous contributions from sophisticated and well informed personal investors.
"By balancing high reward assets in Asia and Africa, wi...................... To view our full article Click here
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