Fund launches & closures

Ecofin launches renewable energy fund with seeding from Skoll family office, Harvest

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The new London-based utilities, infrastructure and energy equity fund offers a rare long/short play.

   
   Matt Breidert (Photo: Ecofin)
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.

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,