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.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…