Tue, Jul 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

'Green’ hedge fund Sustainable Resources looking at up to $100m of opportunities in the Philippines

Tuesday, September 18, 2012

amb
Michael Young
From Komfie Manalo, Opalesque Asia:

Newly-launched agro forestry and sustainable resources investment hedge fund Sustainable Resources Fund is looking at possible investment opportunities of up to $100m in agriculture and forestry in the Philippines. Managed by Sustainable Capital Luxembourg S.A. the fund’s advisor, Michael Young was exclusively interviewed by Opalesque.

Young, who visited the Philippines recently as part of his Asian tour to do due diligence on prospected projects, revealed he had seen many potential opportunities. He had visited several islands in the country and met with farmers and local businessmen about potential partnership agreements.

"I found several interesting projects," he said and added, "Since our fund launch, we have implemented Phase I of our investment allocations. Phase I involves investing in up to 10 projects with investments between $8m and $12m each project or we could invest all our money in one project. It all depends on how interesting a project is.

"I’m not saying we will be investing everything in the Philippines. I’m saying we could invest one or two projects or all of the $100m in the Philippines or none at all. But so far I am happy with what I’m seeing," Young said.

Young added that he is particularly attracted to teak, a premium wood which is used in yachts and furniture manufacturing as well as in agar, a type of wood that produces a r......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe