Sunday, 19 April 2015
Last updated 21 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…