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12/18/2008 10:30 AM     print story email story  

CF Partners To Launch Carbon Hedge Fund

SustainableBusiness.com News

London-based CF Partners plans to launch a EUR 50 million (US$70.06 millio) hedge fund in early 2009 to take advantage of volatility in the carbon markets, according to a Reuters report.

This marks a new stage in the development of relatively young carbon markets, which until now have been used primarily to address long-term compliance needs.

"To date in the carbon space the majority of the players from a fund point of view have been long-only guys," Simon Glossop, one of CF's founders, told Reuters. "That's been a workable model up to this year, but carbon has now become an asset class in its own right instead of a compliance tool."

The global carbon market is expected to be worth $100 billion this year, and recent volatility has created an environment that is ripe for shorting.

Read the full report at the link below. 

 

Website: http://www.reuters.com/article/environmentNews/idUSTRE4BH22P20081218?feedType=RSS&feedName=environmentNews



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