Hedonova's Co-Investment in Carbon Credits Yields 18.04 Percent Profits

August 16, 2023 03:34 AM PDT | By Businesswire India

Google News:

Hedonova's Co-Investment in Carbon Credits Yields 18.04 Percent Profits — Image source: Businesswire India

Recent News

DXC Technology (NYSE:DXC) Valuation May Lag Behind Russell 1000

MetLife (NYSE:MET) Stock Outperforms Despite Flat Revenue Growth S&P 5...

USANA Health Sciences (NYSE:USNA) Growth Mixed Despite Sector Momentum...

Occidental Petroleum Stock Performance Linked To Energy Fundamentals N...

Business Wire India
Hedonova, an innovative hedge fund with a focus on alternative investments, has successfully concluded a co-investment initiative in the realm of carbon credits, reaping an impressive profit margin of 18.04%.

In May 2023, Hedonova strategically invested in Wented Agri Trading Limited, a distinguished farming and forestry company that manages an expansive 367,000 acres of farmland across multiple countries including China, Thailand, India, and Vietnam. Building upon established relationships with farm owners, Hedonova facilitated growth capital, land expansion, equipment financing, and more to nurture the farm's operations.

Hedonova played a pivotal role in providing a $4 million loan to Wented Agri Trading Limited. The loan supported the farm's multifaceted efforts, including vital reforestation initiatives undertaken in each of the countries it operates within. To secure this investment, Hedonova obtained collateral in the form of the farm's assets in India, with an approximate market value of $12 million.

Wented Agri Trading Limited utilised the investment capital to enhance key components of its operations, including upgrading machinery with advanced carbon dioxide sensors and providing comprehensive training to staff in carbon compliance.

Upon the completion of a thorough audit, Wented Agri Trading Limited was granted approximately 260,000 carbon credits, reflecting an approximate value of $9 million. Hedonova successfully sold these valuable credits on the European carbon exchange, effectively capitalising on the growing market demand for sustainable solutions. In this triumphant collaboration, $5.4 million of the realised $9 million profit has been designated to Hedonova, a gross profit of 35%. After expenses and tax, new returns to clients were 18.04%.

Alexander Cavendish, Hedonova's CEO, enthusiastically expressed the exclusive opportunity, sharing, "Our valued clients can now engage in a venture that offers compelling returns while promoting their participation in sustainable practices, thus contributing to an ecologically resilient and greener future."

Hedonova remains committed to fostering impactful investments that merge sustainability with financial growth, contributing to a brighter and greener future for generations to come.

About Hedonova

Hedonova is an alternative investment firm specialising in identifying and capitalizing on unique investment opportunities across various sectors. With a focus on delivering exceptional returns, Hedonova provides clients with access to alternative investment options that offer attractive growth potential. The firm's experienced professionals utilize in-depth market knowledge and rigorous analysis to ensure strategic investments are aligned with clients' financial goals.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.