Nordic Power Funds Joins Deutsche Bank Managed Accounts Platform

Jul 26 2012 | 11:08am ET

Nordic electricity market hedge fund Coeli Power Surge has joined Deutsche Bank's managed accounts platform.

The bank said the Coeli Asset Management Fund has been added to its dbSelect platform, marking "the first time we have offered exposure to the Nordic power market as investors and managers continue to be drawn to the liquidity and transparency benefits of managed accounts," Hans Feder, who leads dbSelect, said.

Power Surge was launched five years ago by Henrik Wennberg at Plenum Investments. Wennberg joined Stockholm, Sweden-based Coeli last year, bringing Power Surge with him and retaking the reins as portfolio manager.

"Power markets in general are expected to show higher correlation to macro economic developments, however the unique quality of our strategy is that the dominant price driver—the Nordic weather—is a parameter that leaves nearly all other markets unaffected," Wennberg said. "Our strategy therefore allows investors to gain exposure to a market that is expected to show low correlation with other mainstream investment opportunities."


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note