Tiburon unveils absolute return green fund for ex Hexam manager

Tiburon Partners will launch its Ucits III absolute return Green fund next month, to be co-managed by Hexam Capital joint founder John Payne.

The second Ucits fund for Tiburon, the unique Green long/short portfolio aims to capture the growth and valuation anomalies in the global energy markets. It will focus on alternative energy, emissions, services and related resources equities. Originally designed to be a monthly-dealing hedge fund, Tiburon says strong investor demand for a Ucits III structure led the group to alter the fund's terms. Payne, who left Barings in 2006 to move to Hexam, departed the Ignis joint-venture boutique in early 2008. He will work alongside former Baker Steel fund manager Steven Miller on the ...