Friday, 27 November 2015
Last updated 1 day ago
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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…