HedgeCo.net — STAMFORD, CT, March 26, 2007 * Parker Global Strategies (PGS) today announced the launch of their first energy and natural resources fund-of-funds — PGS Global Energy Edge in responseto investor demand. The sector focused fund has initially invested in 23 managers who have expertise in the various energy and natural resources sectors.
“This is one of the most exciting sectors in the investable universe and we believe it will be a vital component of investors’ portfolios going forward,” said Virginia Parker, President and Founderof PGS.
Each of the selected managers is focused on different segments within the sector to diversify the portfolio across energy, utilities, natural resources, power, materials, infrastructure andalternative and clean technologies.
According Parker Global, key drivers of energy and natural resources markets are due to:
o Demand for fossil fuels expected to outstrip supply by 2010 and 2015
o Power and water infrastructure that are outdated and need to be improved
o Corporate and consumer demand for alternative energy solutions
o High oil and natural gas prices that will drive demand for cheaper alternatives
o The Kyoto Protocol and European Emissions Trading Scheme
o Economic incentives for industries/companies to produce renewable energy
Parker Global Strategies, LLC (www.parkerglobal.com) provides institutional and high-net-worth clients with customized fund-of-hedge funds, investing acrossa broad spectrum of strategies, markets, and regions. The Firm is known for its innovative investment solutions, including index linked products, portable alpha, and its comprehensive riskoversight.
Sophie Sophaon l Walek & Associates l Office: 212.590.0522 l Cell: 202.270.4870 l ssophaon@walek.com
