PCM Capital is pleased to announce the launch of PCM Green Power Fund (“Fund”) on 1st April 2008. The Fund – with its Asian focus – is a pioneering Fund of “Green” Funds that invests in environmental and alternative energy related sectors. It aims to capture the superior absolute returns of ‘green investing’.
The Fund is managed by the PCM Capital (International Group) Limited (“PCM Capital”), an exempted company with limited liability incorporated in the Cayman Islands; and is advised by the PCM Capital Limited (“PCM”), a Securities and Futures Commission (“SFC”) licensed investment adviser and asset manager. Like the segregated portfolio under the same PCM SPC – PCM Asia Pioneer Fund, the Fund employs the same vigorous top-down and bottom-up investment approach.
The Fund targets an annualized risk adjusted return of between 20 to 25% with a volatility of 15%. It features monthly liquidity with a minimum investment requirement of US$500,000, a 1.5% annual management fee and a 10% performance fee, subject to a high water mark.
The Fund is a concentrated portfolio that trades or invests in the following areas: environmental technology, clean energy, CO2 derivatives, power trading, water management, waste management, etc.
Norman Chan, CIO of the PCM Capital and PCM, comments, “We are excited to be on the forefront of the next big market opportunity. Increasingly day by day, one can find news article reporting the looming environmental issues, increasing government action and innovative ‘clean tech’ companies. And being in Asia, we are uniquely positioned to witness first hand how the developing economies manage rapid growth and tackle environmental problems.”
Norman further added, “Dealing with environmental problems is likely to be the biggest global investment theme for the foreseeable future. Hence, we expect superior investment opportunities that will generate sizeable alpha.”
PCM is an asset management company which is established in 2006, to provide financial advice and asset management service to investors with a focus in alternative investments. PCM is granted a license to carry on Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities by the Securities and Futures Commission (“SFC”) and is regulated primarily by the Securities and Futures Ordinance (“SFO”).
For further information visit www.pcm-cap.com