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.
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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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