Fri, Nov 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Sustainable Resource aims to protect its investment by protecting the environment

Tuesday, October 09, 2012

amb
Michael Young
From Komfie Manalo, Opalesque Asia:

Sustainable Capital Luxembourg S.A, - Advisor to the Sustainable Resources Fund, wants to live upto its name. In an interview with Opalesque Radio, Michael Young, Director at Sustainable Capital Luxembourg S.A said the fund has "solutions in place" to address the issue of land grabbing and proper land use for all its portfolios.

The recently launched fund wants to invest in sustainable agriculture and agroforestry as an asset class and therefore wants to protect its investments by protecting the environment. "We do not invest in any species that damage the land because that will make our investment unsustainable," Young said and added, "Our clients will not invest in funds that are based on speculative returns that damage the environment. That is not what we are trying to achieve."

Commenting on the issue of land grabbing especially in Africa where an estimated land area the size of France is now being controlled by hedge funds, Young said he and his team have been working with the locals in Guinea, West Africa and in Sierra Leone to reach a mutually-acceptable and beneficial agreement regarding land use. According to Young, his fund is looking to lease at least 100,000 hectares of land in the region. Which is why they spent three years liaising with the locals over a land lea......................

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. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Hedge fund Oceanwood raises $2bn, to close to new investors[more]

    From Reuters.com: Europe-focused hedge fund Oceanwood Capital Management is closing its fund to new investors after its assets under management hit $2 billion (1 billion pounds) recently, a source with direct knowledge of the matter said. Oceanwood, a multi-strategy hedge fund spinout from Tudor Gro

  5. Opalesque Exclusive: Gray Ghost Ventures aims to make impact investing commercially viable[more]

    Bailey McCann, Opalesque New York: At a time when investing in emerging markets may be falling out of fashion among some investors, Gray Ghost Ventures is confident that great opportunity exists in the emerging markets. The firm may have a unique view into this space as one of the first private