European Energy Hedge Funds Soar

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...