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Benedicte Gravrand, Opalesque London: Sustainable, an adjective that in the 21st century denotes hopes and ways to continue using a maintained environment with minimal negative effect, was yesterday often quoted at the official announcement of the launch of a new investment management group in London.
Earth Capital Partners LLP (ECP) is a new business specialising in sustainable and renewable asset classes. It is currently seeking authorisation from the Financial Services Authority (FSA), and so will not launch any of its planned funds until early next year. The group targets AUM of $5bln in 5 years.
“Our objective will be to deliver attractive returns by investing in projects, companies and financial instruments, which address sustainable development challenges, such as climate change, water scarcity and energy security,” said Stanley Fink, Chairman of the new group.
Investments in sustainable and renewable asset classes have become more popular in recent years, as the risks of energy shortages and global warming have been substantiated by scientific reports and have been brought to the fore by governments and media. Barack Obama, for example, wants to increase investments in sustainable technologies and renewable energy sources as part of his economic plan.
The firm is being launched at a time when there is a substantial groundswell of environmental concern. “The next generation is very passionately engaged with environmental concerns,” said ECP’s CEO, Ru...................... To view our full article Click here
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