Ecofin Launches Long/Short Oil & Gas Fund

Nov 1 2011 | 8:28am ET

UK-based Ecofin, an investment management firm specializing in the global utility, infrastructure, energy and alternative energy sectors, has launched the Ecofin Global Oil & Gas Fund.

Registered in the Caymans, the new fund employs a long/short equity strategy, close to market-neutral; offers monthly liquidity; and launched with $32 million of AUM. Daniel Lacalle is the portfolio manager.

The fund will invest mostly in mid- to large cap equities of super majors, integrated companies, exploration and production companies, refiners and service companies, on a global basis. Ecofin says this is an investment universe of more than 1,200 names worldwide which accounts for an estimated 30% of global equity market indices.

Stock selection will be driven by factors such as access to resources, capital intensity or mid-cycle returns.

Said Ecofin CIO Bernard Lambilliotte: “This oil and gas long/short strategy has been a very successful part of some of Ecofin’s other hedge funds for quite some time. We believe the remarkable market opportunities currently in this space will continue to be there for many years to come, which is precisely why we are now launching this strategy on a stand-alone basis.”

Ecofin, with offices in London, New York, Hong Kong and Geneva, manages $1.8 billion across a range of hedge funds, long-only funds and institutional mandates.

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