Hedge Fund News From HedgeCo.Net


Top Solar-Focused Hedge Funds Revealed

Seeking Alpha – HedgeTracker.com recently released its list of Top Solar-Focused Hedge Funds. The funds selected for the list had the greatest percentage of their US equity assets under management invested in US-listed Solar Stocks. As of 12/31/08, the top funds had between 7.9% and 21% of their assets invested in the solar sector. The hedge fund with the highest exposure to the solar sector was Ionic Capital Management, which held over 21% of its $207 mm assets in US Solar companies.

The firm’s positions were widely spread across 6 solar companies, Suntech Power Holdings $18.3mm, LDK Solar Co. $10.7mm, Energy Conversion Devices $5.4mm, Trina Solar, $3.2mm, Solarfun Power Holdings $3.2mm, JA Solar Holdings  ($2.4mm}. Notably, the hedge fund manager, which has a Deep Value investment style, had no exposure to First Solar, which was overwhelmingly the favorite among the other 4 managers on the list.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.