Hazel Capital launches clean technology fund
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Hazel Capital, a London-based specialist investment manager, has launched a fund investing in companies that operate in the clean technology sector.
The Hazel Global Cleantech Equity Fund is Ucits III-compliant and domiciled in Dublin.
Its investment universe comprises environmental technology and services companies working in alternative transportation, energy efficiency, energy storage, environmental sustainability, renewable energy, renewable utilities and water. (article continues below)
The fund aims to achieve long-term capital growth and returns in excess of its benchmark, the WilderHill New Energy Global Innovation Index (NEX) by investing in a globally diversified portfolio. The NEX benchmark is a global index of 86 companies listed on 25 exchanges in 20 countries.
Ben Guest, the founder of Hazel Capital, says the best returns will come from those companies benefiting from the fundamental, long-term shift in energy supply and conservation.
In a statement, he says Hazel Capital has identified a “large, under-penetrated market opportunity and an abundance of well-run, highly-profitable companies”.
The fund, which was launched on January 4, has grown out of Hazel Capital’s long-only strategy, Hazel Alpha, launched in May 2008.
The new fund is available with retail and institutional classes, in euros, dollars, and sterling. Minimum investment is £10,000, and investors are charged a performance fee of 10%, an annual charge of 1.5%, and initial charge of up to 5%.
