Forestry Funds To Launch In Guernsey
Friday, April 16, 2010
Close Fund Services in Guernsey has been selected to administer a
new range of sustainable forestry funds from alternative asset
management group, MSS Capital.
The closed-ended funds will be administered by Close within a
Guernsey regulated incorporated cell company structure, under the legal
advice of Carey Olsen.
The funds will offer qualifying investors access to various forestry
and agroforestry global investment opportunities all designed to target
high returns over different life cycles.
Initially, the ICC will comprise of three standalone incorporated
cells: The Sustainable Teak & Agarwood Fund, The Sustainable Red
Fund and The Sustainable Agroforestry Fund. The names of these funds
may change shortly to reflect the advisory partnerships in place.
Oxigen Investments, the socially responsible and sustainable
forestry specialists, are acting as the investment adviser to the new
funds.
Simon Hookway, Director of MSS, said: “We carefully selected whom to
partner with, and based on Close having considerable experience,
expertise and entrepreneurial spirit, we have selected to work with
them on what we see as a very exciting opportunity for us and investors
alike.”
James Tracey, Director of Close Fund Services, added: “With
increasing interest from investors, managers and governments in green
and socially responsible funds, we are delighted to be working in
partnership with MSS on its latest venture. Close are receiving a
number of new enquiries from fund sponsors in this area.” |
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