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Alternative Market Briefing

Global Select Portfolio Corp. implements new management for the Alternative Energy Fund, GLG Partners take steps to improve its reputation and to increase AUM significantly

Wednesday, February 06, 2008

Opalesque Exclusive: Global Select Portfolio Corp. implements new management for the Alternative Energy Fund Global Select Portfolio Corp. announced today that effective immediately new management has been implemented to control the day to day operations of the Hillsboro Alternative Energy Fund. GBSP acquired the fund last year, and this management change should result in significant increases in the value of the fund. Based on the current trading value of the fund (9.59 Euros per unit), GBSP has a book value of $25 per share. The change in management is expected to result in a trading value of 15 to 16 Euros per unit for the fund. This increase would result in a book value increase to $35 or $40 for GBSP. Global Select Portfolio Corp. also announces the sale of a block of 144 shares to institutional investors at a discount to market to access further financing in an effort to continue adding quality companies to its portfolio.

Global Select Portfolio Corp. provides private equity financing to high growth companies in the healthcare, life sciences, financial industry telecommunications, and information technology industries. … For more information see www.globalspcorp.com.

Hillsboro Alternative Energy Fund (London-based) is one of the first private hedge funds with a significant concentration in alternative energy. They seek to be affirmatively socially responsible. They select companies that produce something that benefits our environment, suc......................

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