Ecofin Special Situations Utilities Fund - July 2008

The Ecofin Special Situation Utilities Fund combines two complementary strategies, investing in special situation opportunities and an active long/short strategy. Ecofin has a successful track record in sourcing special situation investments that have historically resulted in superior risk adjusted returns.

Special situation investments are significant minority positions in public or private companies which Ecofin believes are well positioned to benefit from a catalyst or a positive long term tr