The Cat is out of the Bag....
October 30th 2007 02:02
Well Australia has its first Carbon Fund as Reported in the Investment and Technology Magazine. ...ok not reported very accuarately but its there......they have titled the the fund an "anti-carbon" fund, which is a mis-quote, but they did their best and hey we all know about shooting for the headline don't we!!!!!!
I sometimes wonder why I ever read the press, everytime I have been personally involved in something it is mis-reported, leads me to believe not much in the press is true.
Anyhow it is a decnet enough article to get an idea for what a New Generation "clean" Fund is going to be all about.
cheers
Louie
CLICK HERE FOR THE STORY OR SEE BELOW
Australian ‘anti-carbon’ hedge fund to enter market
by Simon Mumme
Multi-strategy hedge fund ArkX will enter global renewable energy markets and look to invest in companies producing clean development mechanisms (CDMs) in early December, drawing on founders’ money and an institutional mandate as seed capital.
ArkX founders Geoff Avison and Lisa Wade will begin marketing ArkX as a carbon fund in November, aiming to raise $250 million from wholesale investors ahead of making its first investments on December 3.
Avison said the majority of investments would be made in global renewable energy markets, due to a perception that domestic investors are more familiar with these securities. Allocations would also be placed in CDM projects, which enable Annex I Parties to the Kyoto Protocol, who have committed to slash average emissions, to finance emission-reduction projects in non-Annex I countries. Within the CDM framework, Annex I parties earn certified emission reductions (CERs), helping them meet their emissions targets.
Evison, who said a more accurate definition of the vehicle would be an ‘anti-carbon’ fund, said ArkX’s point of differentiation from previous and current sustainable investment vehicles was its core focus on climate change.
“There’s been sustainable investment, sure, but people will be more interested in climate change,” he said.
There are up to 70 carbon funds operating worldwide, Evison said. Among these are Blackrock’s US$5.5 billion new energy fund, which has returned 24.7 per cent for the year-to-date, and Climate Change Capital’s 200 million euro, clean tech private equity fund.
The 400 million euro Peony Capital fund, founded early this year and backed by the Bill and Melinda Gates Foundation, invests in CDM projects being run in China, aiming to extract returns and manage resultant carbon credits. Evison said ArkX’s initial engagement with the CDM sector would be venture capital investments in projects alongside commitments from Peony.
While there are approximately 20 CDM manufacturers in Australia, about 350 operate worldwide. The global market capitalisation for CDMs nears $5 billion, Evison said. “There’s no shortage of places to put our money.”
Evison and Wade have set up ArkX after careers in finance spanning more than 20 years. Most recently, Evison ran money with Sydney-based equity long/short hedge fund St Helens Capital, and Wade worked in proprietary trading with Citi.
30/10/2007
I sometimes wonder why I ever read the press, everytime I have been personally involved in something it is mis-reported, leads me to believe not much in the press is true.
ArkX Logo
ArkX logo
Anyhow it is a decnet enough article to get an idea for what a New Generation "clean" Fund is going to be all about.
cheers
Louie
CLICK HERE FOR THE STORY OR SEE BELOW
Australian ‘anti-carbon’ hedge fund to enter market
by Simon Mumme
Multi-strategy hedge fund ArkX will enter global renewable energy markets and look to invest in companies producing clean development mechanisms (CDMs) in early December, drawing on founders’ money and an institutional mandate as seed capital.
ArkX founders Geoff Avison and Lisa Wade will begin marketing ArkX as a carbon fund in November, aiming to raise $250 million from wholesale investors ahead of making its first investments on December 3.
Avison said the majority of investments would be made in global renewable energy markets, due to a perception that domestic investors are more familiar with these securities. Allocations would also be placed in CDM projects, which enable Annex I Parties to the Kyoto Protocol, who have committed to slash average emissions, to finance emission-reduction projects in non-Annex I countries. Within the CDM framework, Annex I parties earn certified emission reductions (CERs), helping them meet their emissions targets.
Evison, who said a more accurate definition of the vehicle would be an ‘anti-carbon’ fund, said ArkX’s point of differentiation from previous and current sustainable investment vehicles was its core focus on climate change.
“There’s been sustainable investment, sure, but people will be more interested in climate change,” he said.
There are up to 70 carbon funds operating worldwide, Evison said. Among these are Blackrock’s US$5.5 billion new energy fund, which has returned 24.7 per cent for the year-to-date, and Climate Change Capital’s 200 million euro, clean tech private equity fund.
The 400 million euro Peony Capital fund, founded early this year and backed by the Bill and Melinda Gates Foundation, invests in CDM projects being run in China, aiming to extract returns and manage resultant carbon credits. Evison said ArkX’s initial engagement with the CDM sector would be venture capital investments in projects alongside commitments from Peony.
While there are approximately 20 CDM manufacturers in Australia, about 350 operate worldwide. The global market capitalisation for CDMs nears $5 billion, Evison said. “There’s no shortage of places to put our money.”
Evison and Wade have set up ArkX after careers in finance spanning more than 20 years. Most recently, Evison ran money with Sydney-based equity long/short hedge fund St Helens Capital, and Wade worked in proprietary trading with Citi.
30/10/2007
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without looking like i am using Orble for a plug, yes this is my company, it is only open to Wholesale Investors so this post was more to inform rather than a shameless advertising exercise
Comment by Michaelie
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CONGRATULATIONS!
Michaelie
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hard work is still to come but we have won a few battles just getting ASIC approval, hopefully the rest will fall into place......
fingers crossed
Comment by Lilla
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..great news, congratulations... would love to see arkX get behind the solar power revolution to help all Australian's get their houses up and running on solar...
more info on my current post here
Having got my car sorted and on LPG 12 years ago, I can't wait to be able to make my household completely carbon neutral over the next decade ...
Lilla ...
PS I guess that'll just leave converting the car again... to..um.. Hydrogen - if they haven't got the 'kitchen scraps' system going by then?
Comment by Ash
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All the very best with ArkX... good to see some movement in the right direction in a world gone mad!
Ash
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cheers
Louie
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cheers
Louie
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Comment by Tracy
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That is absolutely brilliant!!
Tracy
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Will you keep us updated on Orble?
Tracy
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Comment by KylieW
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Congrat's on getting the fund up and running. Can't have been easy!!
Shame the press can't get it right....but I guess any publicity is good eh.
I'll keep my fingers crossed that it all goes well
Kylie
Comment by Louie
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Have a friend going to do a proper press release now so we hopefully there will be no inaccuarcies next time....yeah right!!!!!
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Comment by Louie
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Spooky I was just leaving a message on your BLing BLog.....
thank you, glad you love the logo.......