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Alternative Market Briefing

Proxy P rolls out three new energy funds

Friday, March 29, 2019

Bailey McCann, Opalesque New York for New Managers:

Swedish energy-focused asset manager Proxy P Management AB recently launched three long/short equity funds to complement its suite of long-only products. The funds - Proxy Long/Short Energy, Proxy Global Energy and Proxy Renewable Long/Short Energy, are designed to offer unique, concentrated exposures to the energy market.

Proxy Long/Short Energy invests in the full spectrum of energy companies using a fundamental discretionary trading strategy. Proxy Global Energy and Proxy Renewable Long/Short Energy, are long-biased funds that offer more limited exposures. Proxy Global Energy invests in oil and natural gas companies. Proxy Renewable Long/Short Energy invests in renewable energy and energy tech.

The management team, which includes Hans Berglund and Dan Linstrom first came together as proprietary energy traders at Fortum Generation, the Swedish energy utility company. Based on that experience, the team has created its energy strategies, which provide exposure to the energy market while aiming for low overall volatility in the portfolio.

For Proxy Long/Short Energy, the portfolio management team identifies its investment targets thematically, based on an assessment of macro factors that impact the energy market. "Our analysis always starts from the energy side of things," Dan Linstrom says in an interview with Opalesque New Man......................

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