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Anric Blatt From Kirsten Bischoff, Opalesque New York:
Opalesque has learned that the AquaTerra Fund, which officially launched in mid-March (see previous Opalesque coverage here: Source returned +0.93% during the month. The fund, which invests directly into a carve-out of the Global Fund Exchange’s pre-existing water, agriculture and natural resource portfolios, focuses on equity long/short and commodity exposures.
March was a volatile month for hedge funds in general, and even moreso for funds with exposure to energy sectors. While oil prices were driven by continued unrest across the Middle East and Northern Africa, the Japan earthquake and tsunami deeply affected nuclear stocks, which were not further helped by Germany’s reaction to shut some of its nuclear power plants. However, the firm’s flagship fund The Earth Wind & Fire Fund finished the month only slightly negative (at -0.17%) against the HFRX Global Hedge Fund Index of -0.88%.
In correspondence with investors, Portfolio Managers Anric Blatt and Lauralouise Duffy said they expect "The after effects of the Japanese earthquake and ensuing nuclear crisis have the potential to dramatically change the power generation landscape going forward." In the changing landscape, the pair see clean energy as a dir...................... To view our full article Click here
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