New York – GFX Alternatives LLC, a member of the Global Fund Exchange Group, today announced the formation of a new multi-manager portfolio to invest in the dynamic alternative energy investment sector.
GFX Alternatives is dedicated to a diversified, global macro, multi-manager approach to allocating assets to premier investment managers who specialize in a broad spectrum of alternative energy opportunities. The firm is led by a management team of veteran hedge fund executives, Lauralouise Duffy and Anric Blatt, and will accept outside investors at the end of the first quarter 2009.
“Throughout the world there is an energy revolution occurring that is driving public and private investments into the alternative energy arena,” said Lauralouise Duffy, CEO, GFX Group LLC. “Investments in alternative energy solutions are aimed at achieving energy independence while reducing environmental damages. Governments, quasi-governmental organizations, states, countries, corporations and consumers around the world are implementing critical changes to transform their use and selection of energy resources.”
The world of energy and the investment world are on the brink of an evolutionary chapter in history. GFX Alternatives seeks to focus its private investment capabilities on the nascent and necessary development of energy alternatives and the evolutionary opportunities that accompany the changing face of global energy.
“Increased spending in alternative energies and renewable resources will cause significant economic growth and prosperity for the companies embracing this change, yet very few asset management companies exist to explore, develop and profit from this phenomenon,” said GFX Chairman Anric Blatt. “The GFX team has unique and extensive experience investing in and hedging allocations to the energy and resources sector. The firm is uniquely positioned to take advantage of extraordinary opportunities in this burgeoning corner of the investment world.”
GFX Alternatives aims to cap assets in this strategy at $1 Billion and will permit its clients to take direct investments into clean tech, carbon/emissions trading, water supply and treatment, as well as energy specific traders and Commodity Trading Advisers (CTAs).
GFX Alternatives LLC will present its investment strategies and business opportunities inside the USA Pavilion of the World Future Energy Summit in Abu Dhabi, United Arab Emirates, from January 19th- 21st, 2009. The summit will be the largest meeting of influential leaders within the renewable energy industry and is expected to draw over 15,000 attendees. More information on the summit can be found at http://www.worldfutureenergysummit.com.
About GFX Alternatives LLC
GFX Alternatives LLC, a member of the Global Fund Exchange Group (GFX Group LLC), is an alternative investment management business that is focused on the alternative energy and renewable resources sectors. GFX Alternatives specializes in manager due diligence and selection, macro overlay of hedging, asset allocation, portfolio management and independent risk monitoring across all asset classes and managers in its portfolio. The founders have a combined 30 years of experience in starting, building and operating investment management businesses. The firm’s mission statement is “People, Planet, and Profit.”
About the Management Team
Lauralouise Duffy has worked as CEO of the GFX Group since 2006. As CEO, Ms. Duffy built an alternative investment platform service business, offering consulting, independent fund support, and structuring services to a wide range of hedge funds, fund of funds and institutional clients. In September 2007, she acquired the GFX Group. In 2008, the firm launched GFX Alternatives, a company dedicated to the alternative energy and renewable resources sector. Ms. Duffy spent 15 years on Wall Street working in the capacity of CEO, COO and managing director in the hedge fund community. Ms. Duffy was founder and president of Golden Retriever Capital, a global strategic development firm, consulting to major financial institutions in the alternative investment arena. Previously, Ms. Duffy spent her career running the operations, administration and distribution of eleven hedge funds, building and running investment fund businesses for Europe, Eastern Europe, Russia, Asia and South America, including equity, global macro, emerging markets, venture and private equity businesses. She was partner and COO of FNY Capital, LLC and Argonaut Capital Management and also worked for EGS Capital Management and Croesus Capital Management.
Anric Blatt, chairman, has been with the GFX Group since its founding in 2005. His principal areas of focus include strategy allocation, portfolio management, manager research and due diligence, as well as new product development and structuring. Mr. Blatt has performed extensive research and due diligence on hedge fund managers for over twelve years, and has been instrumental in the development and management of a number of successful investment vehicles both private and public. Prior to joining GFX, Mr. Blatt was the founder, CEO and chairman of the Infiniti Capital Group where he was involved in all aspects of building the business including product development, branding, portfolio management and research. During his tenure as CIO and CEO of the firm, he and his team successfully created and managed twelve public investment funds, a capital markets and securitization business and a hedge fund research organization. He was responsible for a portfolio of investments in excess of $2 billion AUM. Previously Mr. Blatt was the regional director in Asia for the qualitative fund of funds group Forsyth Partners and built the Asian business for managed futures specialist Kenmar.
