Wednesday, 20 August 2014
Last updated 9 hours ago
Mar 22 2010 | 2:24pm ET
Frigid temperatures in Europe’s north have heated up Plenum Investment’s energy hedge funds.
Plenum Power Surge soared 19% in January and February. Energy prices in the Nordic region have soared to records, as Sweden suffered the coldest beginning to a year in more than 20 years, while energy consumption set records in Norway.
A second plenum fund, the Plenum Power Fund, returned 6% in the first two months of the year.
“To put it simply, we were bullish on the weather,” portfolio manager Henrik Wennberg told Bloomberg News. “We saw this already in the middle of December and started buying then to take long positions.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note