Monday, March 31, 2008

Deutsche Asset Management plans green private equity fund

From the Financial Times:

Deutsche Asset Management, the $800bn fund unit of Deutsche Bank, plans to launch the world’s first private equity fund specialising in climate change, or green investments.
“We’re developing the product,” Kevin Parker, DeAm chief executive, told the Financial Times. “We are already the biggest climate change investors in the world. That has happened really in just the past 18 months.”

The move dovetails with DeAm’s commitment to climate change as a potentially huge investing trend and with its desire to develop more products in the higher-margin end of the asset management business....MORE
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