Saturday, 1 August 2015
Last updated 15 hours ago
Jun 7 2010 | 2:00pm ET
Swiss bank Valartis is shutting its energy hedge fund, its administrator said.
Custom House Fund Services told Bloomberg News that the Valartis European Energy Fund’s April net asset valuation calculation “is to be the final valuation.” But the Chicago administrator added that “it is taking longer than the norm to finalize” and that no liquidation date has yet been chosen.
The Valartis fund debuted in October 2006 as part of OZ Holding, which became Valartis. The fund lost 1.4% last year and was down 0.1% in the first quarter of this year. It invests primarily in the German and Nordic electricity markets.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…