Absolute Return Partners announces Energy and Carbon Focused NEAS Power Fund

September 25th, 2009		\| More
Absolute Return Partners LLP announced this week the creation of The NEAS Power Fund. Scheduled to launch on October 1st, the new fund will apply a relative value approach to trade in futures, forwards and options on electricity, carbon emission certificates and important commodities in the power complex, including coal, gas and oil. Over 95% of the fund’s investments will be in securities listed on the two main European power exchanges, Nordpool and the EEX. According to the firm’s marketing materials, the new offering has been created in response to rising investor demand for uncorrelated and liquid alternative investment vehicles. NE Capital Management (NEAS), the investment management arm of Nordysk Elhandel A/S, has been appointed sub-investment manager to oversee day-to-day management of the portfolio. NEAS is a leading Danish energy company, a participant in northern European energy markets and a founding member of the Danish Carbon Fund. A pioneer in the market for carbon emission certificates, the company boasts an impressive, audited track record and has traded power contracts for their own account since 2002.