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

Sustainable Capital to launch Shariah compliant agro forestry and sustainable resources fund

Wednesday, July 11, 2012
Opalesque Industry Update - Sustainable Capital S.A., Luxembourg, today announced the imminent launch of a new agro forestry and sustainable resources investment fund “The Sustainable Resources Fund” (The Fund). The initial offering period commences on 23rd July 2012.

The Agro Forestry sector is now well recognised as an asset class investment, and is advantageously not correlated to equities, giving well informed investors interesting opportunities in natural resources.

As Investment Advisor to The Fund, Sustainable Capital S.A. has the objective to provide good capital growth by investing in a portfolio of forestry, agriculture, biomass, farmland and other sustainable resource assets globally.

The Fund is Shariah Compliant and will be investing in diversified projects, mixing high margin growth in Asia & Africa with mature cash generating projects in North America and Europe. The Fund will not seek to raise debt finance, nor will any interest be paid to investors.

“All projects will be required to pass strict ethical, environmental and commercial due diligence tests”, announced Michael Young, Fund Advisor to The Sustainable Resources Fund, “as well as the additional strict Shariah Investment principles”.

The Sustainable Resources Fund “will include a percentage of listed equities to provide additional liquidity for the Investment Advisor and fund investors” stated Young “the target return, net of fund fees, is at least 15% per annum”.

(press release)

The Sustainable Resources Fund is a sub-fund to the Amiri Shariah Investment Platform which is a Luxembourg-registered “Société d’Investissement à Capital Variable” organised under Luxembourg Law of 13th February 2007 relating to specialised investment funds (SICAV-SIF) and regulated by the “Commission de Surveillance du Secteur Financier” (CSSF), the Luxembourg financial services authority. www.srfund.lu

Bg

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner