- Advertisement -
- Advertisement -

Related

Coeli Launches Climate-Focused Hedge Fund

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Stockholm-headquartered asset manager Coeli Asset Management is launching a new climate-focused, market-neutral energy equity fund on August 16. Coeli Energy Transition will be managed by Vidar Kalvoy and Joel Etzler (pictured), two experienced portfolio managers who previously operated a similar strategy at London-based alternative asset manager Horizon Asset.

Coeli Energy Transition focuses on the accelerating transition from fossil fuels towards more sustainable energy alternatives. The market-neutral investment approach enables the new fund to simultaneously influence the climate in the right direction and protect capital in the event of a downturn. “We offer not only a climate-focused fund with a negative carbon footprint but also a market-neutral strategy that hopefully provides high risk-adjusted returns,” says portfolio manager Joel Etzler.

Climate scientists argue that we have just over a decade to stop irreversible damage from climate change, and limiting global warming to a sustainable level would entail a monumental shift towards decarbonization. With around 87 percent of global energy consumption still coming from fossil fuels, the Coeli duo believes this is where investors have the greatest opportunity to drive a positive change.

“We need to influence the fossil industry to do more than reduce emissions from fossil energy sources,” says portfolio manager Vidar Kalvoy, emphasizing that “we need to convince the industry to use more of their large pool of capital to invest in renewable energy.”

Before partnering up with Coeli, Vidar Kalvoy and Joel Etzler worked together for the past seven years, most recently at London-based hedge fund Horizon Asset. Kalvoy was responsible for energy investment at Horizon Asset for nine years. Before joining Horizon, he worked at another London-based hedge fund and also served as an equity analyst in the technology sector in Frankfurt and Oslo. Before joining Horizon Asset in 2012, Etzler spent five years in private equity at Morgan Stanley in London. He started his investment career in the technology sector at Swedbank Robur in Stockholm in 2006.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.