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

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...