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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......................

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