Ardsley Partners of Stamford, Conn., has recently launched a global long/short strategy focused on companies devoted to renewable energy.
The launch is a response to the firm's view that renewable sources of energy will become increasingly viable economically as a result of the increased overall demand for energy and the inherent imbalance in the supply of nonrenewable energy sources.
This is the first sector-specific fund launched by Ardsley since its founding in 1987. Ardsley, which manages $750 million, has for two years included a renewable energy component in its flagship fund. That renewable energy substrategy now constitutes roughly 15%