Ecofin launches renewable energy fund with seeding from Skoll family office, Harvest
By Lawrence Delevingne
Mon Dec 10, 2012
The new London-based utilities, infrastructure and energy equity fund offers a rare long/short play.
Socially responsible investing is a minuscule part of the hedge fund world--one recent report put it at just $5.3 billion in total assets under management--because many investors don't want to limit their investment choices.
|| Matt Breidert (Photo: Ecofin)|
Small funds from two of the most prominent firms held up in a 2011 report, the Perella Weinberg Partners Sustainable Resources Fund and the Passport Renewable Energy Strategy, have liquidated following losses. The hedge funds that have made money investing in renewable energy companies have often done it by going short, as Kynikos Associates and D.E. Shaw & Co. did with wind and solar stocks in recent years, for example.
Enter Ecofin. The London-based $1.2 billion hedge fund firm aims to...
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