Carbon Trader Plans Energy Hedge Fund

Aug 22 2012 | 1:54pm ET

Carbon-trading firm CF Partners will launch an energy hedge fund—and has expanded and retooled its existing fund in preparation.

The London-based firm plans to roll out the hedge fund in the fourth quarter. CF will seek outside capital for the new product.

The move comes as CF has expanded the ambit of its CF Carbon Fund II. That fund has been renamed CFP Energy to reflect the fact that it now invests in oil, gas, coal and power, as well as in carbon trading.

"This is a reflection that we've been trading oil, gas and power for the last couple of years," managing partner Thomas Rassmuson told Environmental Finance. "We continue to invest in clean development mechanism projects, where we see opportuntities."

Carbon trading will continue to account for at least 50% of the existing fund's activity.

"The strong performance of what is now called CFP Energy is enabling us to expand the firm with new hires and new products," founding partner Jonathan Navon told HedgeWeek. "We are constantly looking at new ways to better meet our clients’ needs and the expansion of our fund to transact in commodities across the energy complex, mirroring the wider diversification seen in our business as a whole, further demonstrates our commitment to our clients and the successful execution of our growth strategy for the company."

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