From the Opalesque Team: Toronto-based commodity funds house Creststreet is finally launching the offshore version of its Creststreet Alternative Energy Fund. It was initially meant to be launched in 2008’s fall.
To December 31, 2008, the Creststreet Alternative Energy Fund achieved a 1 year return of 142.1%, compared to -38.4% for the S&P500 and -69.9% for the WilderHill Clean Energy index. It was launched in November 2007, and returned 34.8% that year (December report).
In February 2009, Creststreet will be launching the marketing of the Creststreet Alternative Energy Opportunities Fund Inc., an offshore version to be run pari-passu with the existing onshore alternative energy fund. The capacity of the offshore fund will be capped at Cdn$100m with initial closing expected to be on March 31, 2009. Creststreet will be marketing in New York City and area from January 28th to February 2nd, and in Europe from February 9th to the 20th. Contact: +1 (416) 628-6508, firstname.lastname@example.org.
Opalesque Note: see our October exclusive on the fund.
Canada shop Creststreet plans to launch an offshore alternative energy fund later this fall, onshore version returned 209% since November 2007 inception
Article Source: http://www.opalesque.com/47576/Canada_shop_plans_to.html