From Hedge Funds Review:
Systematic Absolute Return AG is to launch of the SAR Environmental Fund. The company has been researching environmental or “green” hedge funds for the past 12 months and has now completed a rigorous due diligence process for the initial portfolio. The fund will be open to investments for the 1st of January, 2008, and SAR is prepared to offer early stage investors significant fee rebates until the fund has reached $50m AUM.
The SAR Environmental Fund is unleveraged and targets absolute returns above 15% net for investors, with limited correlation to general debt and equity markets....MORE