Nordic Power Investment Companies Quintuple Average 2016 Returns

Stockholm (HedgeNordic) Denmark’s Nordic Power Trading and Sweden’s Shepherd Energy Portfolio had returns of 15% and 14% for 2016 respectively, over five times the 2.5% average gain in the global hedge fund industry according to Hedge Fund Research Inc., Bloomberg reported.

The Nordic electricity investment companies benefited from a 71% spike in Nordic power prices between September and November due to forecasts for a cold winter and low hydropower reservoirs. Rates subsequently tumbled due to wet and windy weather, which “spurred the first annual increase in trading volume in eight years.”

“We focus a lot on the weather and the important hydrological balance to find the right combination of risk and reward,” says Lina Petrell, COO of Shepherd Energy AB. “With only a small adjustment in one of our strategies after the summer we managed to be on the right side of price movements.” Shepherd Energy’s Power Series Fund also contributed to Shepherd’s $15 million in AUM with gains of 4%.

 Picture: (c) Piotr-Zajda—


About Author

Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Politics and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

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