Fund launches & closures

Ecofin sets sights on China with utilities fund

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The London-based utilities and infrastructure specialist Ecofin has turned its sights to China's rapidly growing infrastructure and power sector, with plans to roll out its first dedicated Asian strategy, the Ecofin China Power & Infrastructure Fund, this month. The firm currently manages $3.3 billion across a range of hedge funds, long-only funds and managed accounts, with a portion of these assets already invested in China.

Ecofin believes that the combination of long-term structural drivers and short-term opportunities triggered by China's $586 billion stimulus spending plan will result in substantial developments in China's infrastructure and power sectors, and create