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

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note