It's been a long week of automaker bailout talk. And still, no one really knows how this is all going to pan out. Though we are well aware of the consequences of the Big Three's actions (or inactions) over the years. But it's the weekend, and I'm tired of being bombarded with so much negative economic news. So let's look at something positive today.
Now his name might not be as popular as Richard Wagoner or Alan Mulally these days, but certainly his reputation lends some optimism to the state of Green Chip stocks. Stanley Fink is the former CEO of the Man Group (the world's largest listed hedge fund), and current CEO of the London hedge fund, International Standard Asset Management. He's also the guy that's chairing a new investment group called Earth Capital Partners.
Earth Capital Partners is planning to launch a series of funds that will focus their allocations on environmental projects, infrastructure projects, agriculture and forestry, new technologies, and carbon trading. The first of three funds will invest in solar power and waste-to-energy projects.
Here's what Fink had to say about Earth Capital...
" It is about giving investors not just a general fuzzy glow that you're doing good but hard evidence of it. This is a new and exciting area of assets that traditionally has had a fairly hippy reputation."
I love it when rationality plays a part in environmentalism!
Mr. Fink is seeking to raise $5 billion for these new funds. I have little doubt he'll pull it off.








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