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

Rainwater and Blue Sky - an Australian water fund emerges

Wednesday, April 23, 2014

Bailey McCann, Opalesque New York:

Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Several years ago, the Aussie government realized that given the scarcity of water on the continent, concrete steps would have to be taken to manage how that resource is used. Officials created a fully regulated, transparent system in which local residents and farms alike have their water titled separately from the land it is on. This enables tight resource monitoring and also created an instant competitive market for people to buy and sell excess reserves.

Blue Sky Water Fund is a player in that market, and facilitates some of those transactions and trades. The fund itself hits an interesting nexus point between a real assets play, a commodities play, and a hedge. "This is truly an uncorrelated investment, it is uncorrelated to everything except the weather," says Debra Goundrey, Managing Director, Blue Sky Alternatives in an interview with Opalesque.

Blue Sky focuses on opportunities in the Murray-Darling Basin. Water in the basin accounts for nearly 40% of Australia's agricultural output, making it an active commodities and water market. The entitlements system also makes it a transparent one. In addition to rainwater, several rivers flow into the basin, and local farm......................

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. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  4. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  5. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America