Mon, Feb 24, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers March 2019

PROFILES: Proxy P, GaoTeng Asset Management

 

Proxy P rolls out three new energy funds

Swedish energy-focused asset manager Proxy P Management AB recently launched three long/short equity funds to complement its suite of longonly 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 longbiased 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 Lindstrom 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 Lindstrom says in an interview with Opalesque New Managers . "As a team, we have expertise there and then we build on that by considering fundamentals and other qualitative and quantitative factors to build our thesis on a given investment." For Proxy Global Energy and Proxy Renewable Long/ Short Energy, the process is essentially the same but, Lindstrom says, by isolating specific parts of the energy sector, investors can have more specific exposures to the energy market. "We were speaking with investors that really wanted a pure renewables exposure, for example.

The focus on renewables is growing si......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. PE/VC: Venture debt: Is it a loan? Is it equity? Is it an pportunity?, PE, VC investments in India hit all-time high in 2019[more]

    Venture debt: Is it a loan? Is it equity? Is it an pportunity? From Forbes: Venture Capital is usually the default option for fast-growth startups looking for a cash injection, thanks to our willingness to take risks in return for equity, and with no need to pay anything back - at least

  2. Other Voices: Evolution of shrinking hedge fund fees - what do investors and managers need to know?[more]

    By Don Steinbrugge, Founder and CEO, Agecroft Partners (DonSteinbrugge@agecroftpartners.com): Hedge funds fees remain under extreme pressure across the industry. This strong trend is driven by declining return expectations from investors, inc

  3. PE/VC: No handshakes, no deals: Silicon Valley VCs hit pause on China, US private equity funds swoop on UK for cheap deals[more]

    No handshakes, no deals: Silicon Valley VCs hit pause on China From Nikkei: Venture capital companies in Silicon Valley are not taking any chances when it comes to the coronavirus outbreak. "Due to the Coronavirus, No Handshakes Please. Thank You," reads a sign on the office doors of An

  4. COVID-19: Investors track ships, chase rumours to get edge on COVID-19 risks, Coronavirus risk puts the bull run on pause, China was wise to let markets stumble[more]

    Investors track ships, chase rumours to get edge on COVID-19 risks From Reuters: As investors crunch numbers to determine how the coronavirus will hit China's economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.

  5. Bruce Berkowitz is back!, Coatue's new quant fund lost money in the fourth quarter[more]

    Bruce Berkowitz is back! From Institutional Investor: Famed value investor Bruce Berkowitz has hit hard times over the past decade, with big bets on losers like Eddie Lampert's Sears Holdings. In fact, over the past 10 years, his Fairholme Fund's annualized return is only 4.89 percent -