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Article: Montgomery Launches New Power Fund; Alternative Strategies Fund Provides a Complement to Core Holdings.
- Article from:
- Business Wire
- Article date:
- October 31, 2001
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Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 31, 2001
San Francisco-based Montgomery Asset Management, LLC today introduced the Montgomery New Power Fund as a part of its series of funds devoted to alternative investment strategies.
Offered through financial intermediaries, the New Power Fund invests in U.S. and foreign "new power" stocks-an emerging sector of new and established companies focused on power-related activities and alternative energy sources such as solar, geothermal, wind, and biomass.
"The New Power Fund is designed to take advantage of several forces in the energy industry," said portfolio manager Glen Hilton. ...