Friday, 22 August 2014
Last updated 6 hours 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."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note