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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note