Absolute Return Partners Launches Power Fund

Oct 7 2009 | 6:11am ET

London-based investment firm Absolute Return Partners recently launched a new vehicle, the NEAS Power fund.  

The fund, which was launched Oct. 1, will trade futures, forwards and options on electricity, carbon emission certificates and the commodities which are the components of the power complex (coal, gas and oil) and will be applying a relative value approach.

According to the firm, more than 95% of the securities traded will be listed on either Nordpool or the EEX, the two main European power exchanges. The fund has been incorporated as an umbrella company registered under the laws of Malta.

Absolute Return has appointed NE Capital Management to be the sub-investment manager with responsibility for the day-to-day management of the portfolio. NE Capital Management is the capital management arm of Nordjysk Elhandel (NEAS), a Danish energy company with substantial commercial interests and trading experience.

The firm is utilizing Quintillion as its fund administrator.

Who is investing in clean technology?
Find out, visit our sister publication,
Clean Tech Brief


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note