Sparx Group looks to raise $200 Million for “Green” focused Sparx Ecology Fund

December 10th, 2009
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Sparx Group Co., one of Asia’s largest hedge fund managers, is aiming to raise over $200 million for a new hedge fund that will focus on companies in the environmental technology sector. Bloomberg reported that the Sparx Ecology hedge fund will focus on companies that are developing smart-grid technologies, which combine efficient power distribution with data transfer, allowing for the increased use of renewable energy.

As a signatory of the Kyoto Protocol, Japan agreed to reduce carbon emissions by 6 percent from the 1990 level by 2012. Sparx Group’s CEO Shuhei Abe believes that the government’s commitment towards green technology further increases the opportunities in the space.
For Detailed Investor Profiles on these Investors, click below:
Sparx Group Co.
Related People: Shuhei Abe
Related Entities: Sparx Asset Management Co. Ltd.; SPARX Capital Partners Co. Ltd. (SCP); Sparx Ecology Fund; SPARX Securities Co. Ltd. (SEC)
Related Article Tags: Green, Socially Responsible, ESG and Sustainable Investmenting Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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