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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of