Bloomberg – Soros, the founder of hedge fund Soros Fund Management LLC, announced the investment in Copenhagen on Oct. 10 at a meeting on climate change sponsored by Project Syndicate. The group is an international association made up of 430 newspapers from 150 countries.

“I want to apply rather stringent criteria to the investments,” said Soros in an e-mailed message. “They should be profitable but should also actually make a contribution to solving the problem.”

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Tags: advisory-group, climate-change, hedge fund, investments

The Financial Standard- The global hedge fund space is undergoing a period of radical change as large hedge funds become institutionalised, new research shows.

According to international strategy consultancy Celent, large hedge funds are undergoing institutionalisation as US pension plans and endowment funds demand players display vigorous operation capabilities to satisfy demanding due diligence requirements.

“Many hedge funds have grown to a size and scope that require managers to run their business more formally. As a result, a redesigned hedge fund organisation has emerged," said Celent.

“With substantial operation infrastructure capabilities and sound internal control and risk management practices in place, many large funds now have much in common with their asset management counterparts."

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