TORONTO, Sept. 3 /CNW/ - Effective June 30, Greenrock Asset Management
Ltd and its founding partners Rick McGraw, Mark Curry and Peter Hofstra are
pleased to announce the launch of the Greenrock Global Cleantech L.P. which
initially will be available for sale in Ontario, Manitoba, Alberta and British
The purpose of the fund is to capitalize on one of the most exciting
investment opportunities of the 21st century. The Cleantech sector presents an
excellent opportunity to achieve sustainable high growth for decades to come.
The 2008 Merrill Lynch World Health Report indicates that investment in
Cleantech is up 41% since 2005.
Managed by Peter Hofstra CFA, Ph.D, Vice President and Founder of
Greenrock Asset Management, the Fund will invest in any company whose product
or service reduces the negative environmental effects of human activity. The
structure of the fund is designed to allow Peter to use all available
investing techniques to manage a dynamic and volatile market space.
Peter said that "the Greenrock Global Cleantech L.P. offers a rational
investment approach to a dynamic high-growth sector." Peter brings together a
unique mix of technological, business and investing expertise that will
provide investors' access to a manager who can navigate a technically
complicated and volatile sector with understanding and clarity.
"At Greenrock, we believe that the need to balance the global requirement
for energy and resources with the necessity of sustaining our environment
requires a transition in the way we live and conduct business which makes the
deployment of clean technology one of the most important developments of the
21st century" said Rick McGraw. "We endeavor to sensibly align investors'
interests with this essential transition that will drive future innovation and
The fund will consist of between 20 and 40 holdings and will employ a
rigorous multi parameter analysis that includes a review a management, company
potential, profitability and stock price.
For further information:
For further information: Christopher Doll, Manager of Operation at (416)
944-2700 or visit our website at www.greenrockfunds.com