Thai institutions line up behind green fund

ThailandÆs MFC Asset Management has turned its attention to the global environmental with a new energy fund introduced this week. Targeted exclusively at institutional investors, the MFC Energy Fund will be pegged at Bt4 billion ($122.7 million) and will invest in alternative energy and energy conservation projects over 10 years. The 10-year closed-end fund will invest in four or five local unlisted energy companies annually through investments between Bt50 and Bt500 million ($1.6-16 …