Energy Hedge Funds Dropping Like Flies In Europe

Jul 2 2010 | 1:46pm ET

Tough times for European energy markets are turning into a bloodbath for European energy hedge funds.

At least six have called it quits this year, leaving only about 30 or so hedge funds actively trading in the European energy markets, Bloomberg News reports. Four of the collapses and closures have occurred in the last two months alone.

All told, the half-dozen closed funds managed more than US$158 million.

Among the casualties are London-based Rampart Capital, which said it failed to reach “critical mass” in the nine months since it launched, Amsterdam-based Energy Capital Management’s MMT Energy Fund, which has posted poor performance for more than a year, and Orkla Finans’s Energy Fund.

“I certainly can’t think of a period when so many funds in the sector called it a day,” Fraser McKenzie of fund of energy hedge funds 47 Degrees North Capital Management told Bloomberg.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...