CIMD Group's Intermoney sets up renewable energy specialist team and launches fund

The CIMD Group, through its branch Intermoney, has set up a renewable energy specialist team with the aim to foster direct investment in alternative assets, the Spanish financial website Bolsamanía has reported.   Intermoney has already launched the first fund of this range, a venture capital strategy with exposure to different types of solar energy projects including photovoltaic, wind and solar thermal in Spain and Portugal. According to the asset manager, this is the first fund that will offer clients the possibility to invest in a non-cyclical asset class, with a thorough risk con...