Systematic Absolute Return launches green fund of funds

Systematic Absolute Return (SAR), a Swiss-based fund of hedge funds, is launching its SAR Environment Fund in January 2008. Approximately one quarter of the underlying hedge funds are based in Asia, and overall exposure for Asian investments will be around 50%.Even though environment-focused shares have performed well in the last two years, SAR reckons that the environment is not a short term play, but the most important ongoing investment theme for future decades. In Asia their sales…