Saturday, 31 January 2015
Last updated 15 hours ago
Aug 22 2008 | 11:03am ET
Many hedge funds have suffered from the downturn in commodities prices. Not so European energy hedge funds.
Nine of 11 hedge funds investing in Europe’s electricity, coal, natural-gas and emissions markets surveyed by Bloomberg News are in positive ground through July, a month in which power prices fell 17% and coal prices 13%.
Energy Capital Management’s MMT Energy Fund is up 19.18% through July, followed by Nordic Commodity Funds’ Nordic Power Fund at 16.6%. Plenum Group’s Plenum Power Fund is up 13.36%.
Not all of the strategies’ funds are in the black. Alfakraft’s Alfa Energy Fund is down 17.9% and PCE Investors’ Cumulus Weather Fund is down 8.8% through June.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…