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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

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

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat