Mon, Mar 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Several energy funds closed down recently but the EU energy market promises growth

Tuesday, June 22, 2010

From Sagar Chakraverty, Opalesque Asia:

2004 marked the arrival of a new force in the power market, the energy hedge fund, with deep pockets to manage the energy volatility. But by 2010, we see a series of European energy fund liquidations and subsequent closures.

In May and June, several European energy funds were shut down, citing sliding returns and investor redemptions. Oslo-based Orkla Finans, which closed its Eur85m ($105m) Energy Fund and Carbon Fund, is the latest in the string of closures. Before Orkla, this month, Valartis, a Zurich-based bank, decided to close its European energy hedge fund, which invested mainly in the German and Nordic electricity markets.

Similarly last month, Rampart Capital, a London-based hedge fund manager, shut down its energy hedge fund after nine months as it failed to raise enough capital from investors. Also, Energy Capital Management, an Amsterdam-based hedge fund manager, closed its MMT Energy Fund by the end of May after it failed to achieve targeted returns (see here).

The list goes long: Plenum Investments, a Zurich- based money manager, closed its Plenum Power Fund after customers opted to invest in the more risky Plenum Power Surge......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner