|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.