Hedge Funds

Perella Weinberg's Parsley rolls out green vehicle


Perella Weinberg Partners began trading its first hedge fund on June 1 - and is preparing to launch two more.

The Perella Weinberg Partners Oasis Fund will make global long/short investments in businesses connected to such environment-related sectors as water, clean technology and alternative energy. Oasis will have the ability to make private as well as public equity investments and will allocate about 60% of its capital outside the United States.

Rod Parsley, who joined Perella last October from hedge fund Terrapin Asset Management, will run Oasis. At Terrapin, which manages $580 million of assets, Parsley ran a fund