Man Group's Green Hedge Funds

Filed in archive Dealtalk on March 23, 2007

LONDON, By Bloomberg: "Man Group, the world's largest publicly listed hedge fund manager, will introduce funds seeking to profit from so-called green investments like carbon-emissions credits, said Stanley Fink, the outgoing chief executive of the company."

The article says that; "The new funds will also invest in ventures that seek to capture methane from waste plants and use it to produce energy, and in forestation projects, said Fink, who will step down from his post at the end of next week."

Man, which oversees more than $60 billion in hedge fund assets worldwide, joins hedge fund managers like GLG Partners in offering clients the possibility of making money while helping the environment at the same time.

"You should expect a stream of funds from us in the next three of four years from an internal task force that we've labeled Green Man," Fink said.