Valartis To Liquidate Energy Hedge Fund

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.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...