GFX Alternatives launches new $1 billion multi-manager alt energy, clean tech portfolio;
In New York, GFX Alternatives announced that it has launched a new multi-manager portfolio to invest in the dynamic alternative energy investment sector. The firm is led by a management team of veteran hedge fund executives and will accept outside investors at the end of the first quarter 2009. GFX Alternatives seeks to focus its private investment capabilities on the nascent and necessary development of energy alternatives and the evolutionary opportunities that accompany the changing face of global energy.GFX Alternatives aims to cap assets in this strategy at $1 billion and will permit its clients to take direct investments into clean tech, carbon/emissions trading, water supply and treatment, as well as energy specific traders and Commodity Trading Advisers (CTAs).
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