ESG & Investing
Hedge Fund Built on Energy Bets Says ‘Clean Is Dead for Now’
- Kanou’s Gupta is bearish about sector’s near-term prospects
- Manager sees value in stocks such as Ingersoll Rand, Legrand
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Less than a year after launching a hedge fund dedicated to the green energy transition, its founder says there’s currently no financial gain to be had from investing in renewable power.
“The whole sector — solar, wind, hydrogen, fuel cells — anything clean is dead for now,” said Nishant Gupta, founder and chief investment officer at London-based Kanou Capital LLP.