Launches & Closures

Parker eyes Asian investors for UCITS energy launch


Virginia Parker of Parker Global Strategies
Virginia Parker
Connecticut-based Parker Global Strategies (PGS) is launching a UCITS-compliant version of its US energy infrastructure fund in December. It will feature weekly liquidity aiming to attract Asian investors to the liquidity and investing safeguards provided by the UCITS structure. The Dublin-registered fund is expected to have a $25-35 million launch size and a targeted $1 billion capacity.

The group’s $41 million PGS Energy Opportunities Trust delivered 31.27% and 66.37% returns in 2010 and 2009, respectively, and this year has managed to remain in positive