- Advertisement -
- Advertisement -

Related

From Strength to Strength

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Market-neutral equity fund KLP Alfa Global Energi has just achieved its best month in about nine years to bring its year-to-date performance to 15.3 percent. The fund’s August advance of five percent marked its seventh consecutive month of positive returns.

KLP Alfa Global Energi is one of the two hedge funds under the umbrella of Norwegian pension provider KLP. As portfolio manager Simon Roksund Johannessen (pictured) explains in a letter to investors, the market-neutral equity fund “takes positions in all parts of the energy value chain, from exploration and production, to transport, transformation and consumption.” Torkel Aaberg, who manages the fund alongside Johannessen, told HedgeNordic earlier this year that the duo employs “a fundamental investment strategy with detailed modelling of targeted companies, market research and due diligence of management and company strategies.”

Torkel Aaberg

“Throughout June and August, it is, first and foremost, the fund’s positions in renewable energy that have contributed to the fund’s strong return.”

Discussing KLP Alfa Global Energi’s year-to-date performance in a letter to investors, Johannessen says that “it was mainly short positions in shipping and oil services that contributed to a good return” in the first half of 2020. “Throughout June and August, it is, first and foremost, the fund’s positions in renewable energy that have contributed to the fund’s strong return,” Johannessen continues. KLP Alfa Global Energi gained 7.8 percent during the summer following a gain of five percent gain in August, the fund’s best month since late 2011.

“An important part of KLP Alfa Global Energi is to provide a stable return that is not correlated with the return of the broader stock market. It is therefore gratifying that 7 out of 8 months so far have yielded a positive return.”

“2020 has been a turbulent year for the global stock market,” Johannessen writes in the letter. “An important part of KLP Alfa Global Energi is to provide a stable return that is not correlated with the return of the broader stock market,” he continues. “It is therefore gratifying that 7 out of 8 months so far have yielded a positive return,” says Johannessen. “This shows that the fund’s market-neutral strategy works well in troubled markets.”

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

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

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.