For the hedge fund aficionado who wants it all, consider Verde Asia Fund. Headed by Gary Duberstein, formerly Carl Icahn's general counsel and co-founder of Greenway Ventures, the new fund plans to roll into one a number of approaches, including HF activism, socially responsible investing and private equity. Not all at one time, mind you, but as the firm pursues its strategies to focus on Japan, Korea, Singapore and Malaysia and possible other points in the Far East. According to Finance Asia, Verde plans to take "a philosophically Asian approach" toward shareholder activism, meaning more nudging and less "hard as nails" pressuring. The private equity for the long/short equity approach - which FA says is long on the long-bias (at least 50%) - comes with a three-year holding pattern, as used by other activist HFs that are crossing over to p.e. Later on, the appropriately named Verde will go green by avoiding investment in companies that make tobacco or alcoholic beverages, as well as those engaging in gambling and weapon production. By the way, despite Duberstein's pedigree, the firm is not an Icahnoclastic venture. "Even though there is this Carl Icahn connection," Glenn Fung, who will head Verde's operations in Asia, told FA, "actually labeling us an 'Icahn cub fund' would not be accurate, as he tends to take harder line on activism."