Sat, Aug 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Commodity firm Diapason launches fund based on tangible forestry assets

Monday, May 20, 2013
Opalesque Industry Update - Diapason Commodities Management, one of the largest independent commodity investment firms globally, announced it is to launch the ForestCare Investment Fund, an institutional product investing in tangible forestry assets.

The ForestCare investment universe will cover forest plantations and resulting activities and services such as forest management, wood production and processing, and all investments will be subject to a strict Environmental, Social and Governance (ESG) filter prior to being included in the portfolio.

The fund will take a multi-asset class approach, investing in equities, bonds, forest plots, and forest-related derivatives. Forest plots will form up to 20% of the portfolio where revenue will come from both forestry products and capital gains, and will include plots or land leases exclusively in Europe (land partially or totally covered by forest) to take advantage of the comparatively low levels of private forestry investment in this region.

As well as the ownership and operation of European forest plots, the fund will also invest in shares and bonds of companies operating responsibly in the forestry industry, as well as bonds of public and private sector debtors issued to finance projects in this sector. Also included will be forest-related derivatives and other investment instruments related to the forestry theme, including biodiversity credits, credits related to mitigating deforestation (REDD credits) and carbon credits.

Mark McDonnell, Managing Director of Diapason Commodities Management commented “ForestCare is a completely new way of approaching investment in forestry and with our approach to bio-diversity in forests this investment opportunity has forest sustainability at its core. Crucially, the fund is structured to reconcile economic profitability with the need to make intelligent use of natural resources - providing investors with a diversified portfolio which is uncorrelated with other asset classes”. ForestCare is aimed at the pension fund and institutional investor market and will have three monthly liquidity and a minimum investment of €125,000 for the A class and €1,000,000 for institutional (I) class.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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: Despite bumpy June/July, CTAs hold on[more]

    Bailey McCann, Opalesque New York: To say that things have been rocky in managed futures recently is putting it mildly. In June, the industry saw its worst month on a performance basis in the past four years. Then yesterday,

  2. Investing - Hedge fund billionaires bet on London as revival gathers pace[more]

    From Bloomberg.com: London’s fund industry is bouncing back, and U.S. billionaires Steven A. Cohen and Ken Griffin are grabbing a piece of the action. Griffin’s Citadel and Millennium Management, a hedge fund run by Israel Englander, have bulked up in London, where asset growth is outpacing the U.S.

  3. Other Voices: Same day reporting and the evolving role of fund administrators[more]

    By: Scott Price, Head of Business Development and Client Management for North America, Maitland Ernst & Young’s latest glob

  4. Opalesque Roundup: Hedge fund assets rose to 11th consecutive quarterly record level: hedge fund news, week 31[more]

    In the week ending 24 July, 2015, the total global hedge fund industry assets rose to the 11th consecutive quarterly record level in 2Q15 to $2.97tln; Eurekahedge reported that hedge funds raised $93bn in the first six months of 2015; The SS&C GlobeOp Forward Redemption Indicator for July 201

  5. Cowen Group, Inc. to acquire Conifer Securities[more]

    Cowen Group, Inc. and Conifer Securities, LLC had announced the signing of a definitive agreement under which Cowen will acquire Conifer Securities, the prime services division of Conifer Financial Services LLC. The transaction, the terms of which have not yet been disclosed, was approved by the boa

 

banner