Posted on 03/23/2007 12:54:25 PM PDT by Shermy
LONDON: Man Group, the world's largest publicly listed hedge fund manager, will introduce funds seeking to profit from so-called green investments like carbon-emissions credits, said Stanley Fink, the outgoing chief executive of the company.
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"While the science of global warming is quite scary, there are opportunities there."
Man, which oversees more than $60 billion in hedge fund assets worldwide, joins hedge fund managers like GLG Partners in offering clients the possibility of making money while helping the environment at the same time.
"You should expect a stream of funds from us in the next three of four years from an internal task force that we've labeled Green Man," Fink said.
He said the funds would trade permits for carbon dioxide emissions, which offer a less-expensive way for corporations to reduce their so-called carbon footprints — the amount of carbon released into the atmosphere by their activities.
"While it's possible to stop certain carbon-emitting activities through taxation, that is a blunt instrument," Fink said.
The funds could offer returns of 10 percent to 15 percent, and the response from potential investors "seems to be quite favorable," Fink said.
The funds would keep investors' money in for "reasonably long" periods, he said.
(Excerpt) Read more at iht.com ...
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Just what the heck are "carbon credits" and what are they supposed to do?............
OTOH, I was thinking of replacing my Camry with a Hummer. But if someone would like to purchase some Carbon Offsets from me, I'll buy a Scion Tc instead.
Stupid question: what are hedge funds?
If you, as a company or entity, are over the "cap" then you must do something to get under the cap. Those include buying those "credits" from the exchange, or engaging in Carbon Offset projects. Carbon offsets are simply projects in 3rd world countries that help them become more efficient, etc. etc. etc. You can buy a stake in one of those projects and thus offset your carbon emissions.
Hope that helps.
I enjoy the Blue Man Group, and find them very entertaining,
but, the Green Man Group - not so much...
"Carbon offsets are simply projects in 3rd world countries that help them become more efficient, etc. etc. etc."
Really, the big carbon credit creditor is not the "third world", but China. The projects/activities earning credits can by mythical, always unaccountable.
"Carbon offsets are simply projects in 3rd world countries that help them become more efficient, etc. etc. etc."
Really, the big carbon credit creditor is not the "third world", but China. The projects/activities earning credits can by mythical, always unaccountable.
He said the funds would trade permits for carbon dioxide emissions, which offer a less-expensive way for corporations to reduce their so-called carbon footprints — the amount of carbon released into the atmosphere by their activities.
The opposite is true. It isn't less expensive (unless you cheat in reporting, which everyone will be incentived to do.) There's no way assure any carbon at all is really offset, esp. with international trades. Changing technology on point would be more effective. Invest directly in energy efficient motors, etc., or some scheme imposing a carbon bureaucracy with trades and profits taken by the brokers.
"While it's possible to stop certain carbon-emitting activities through taxation, that is a blunt instrument," Fink said.
Blunt=no money for me, elegant=money for me. I've seen many times industry folks pitching the "elegant" word as a response to the common "why not just tax them directly?" question.
The funds would keep investors' money in for "reasonably long" periods, he said.
Translation: No firm commitment, since this is a risky endeavor given the Euro markets crashed a year ago, and insiders know that when 2012 comes around the new Kyoto is renegotiated which might rule to obviate the whole system, rendering the credits valueless.
Click on POGW graphic for full GW rundown
Ping me if you find one I've missed.
""While the science of global warming is quite scary, there are opportunities there.""
A "freudian slip", not what he wishes came out. He knows the "scary" part creates the best opportunities.
Basically, you're rich. You scream about the planet and do nothing to conserve energy, etc. Then, you pay a company to find someone who will do the conserving FOR you..on your behalf.
Long story short....SCAM. The selling of NOTHING.
China is "third world" or "developing" according to Kyoto. So is India. That's a huge problem for buy-in when those two energy hogs and big polluters are exempt.
See, you consume way to much energy, so what you must do is pay some bum on the streets money to rig his shopping cart up with solar panels so he can run his iPod off of. See how that saves the environment...
Al Gore is a capitalist by the way. Just a dishonest one that uses politics and hysteria to line his own pockets.
Carbon Credits are the new Junk Bonds.
The rich liberals will profit on them and then it will collapse unto itself.
This should be investigated by the AG immediately. Oh wait...
I'd like you all to meet the fella I buy my caloric offsets from...
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