Wed, Dec 7, 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. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released