Proxy Electrifying!


Stockholm (HedgeNordic) – Energy transition-focused Proxy Renewable Long/Short Energy has surpassed last year’s return of about 46 percent after advancing 8.1 percent in October, which brought the year-to-date performance to 48.6 percent. The solid performance over the past two years has been accompanied by a growing investor base and a growing team at Proxy P Management.

“Proud of the Proxy team delivering another strong month of +8.08 percent in October and 100.8 percent since launching the fund in December 2018,” Dan Lindström, the CEO of Proxy P Management, writes in a LinkedIn post. “Energy Transition-related sectors had a more favourable development than global markets in general in October,” writes the Proxy team in a letter to investors. Proxy Renewable Long/Short Energy, a directional long/short equity fund focused on the energy transition, advanced almost 49 percent year-to-date through the end of October and currently sits in the third spot in this year’s list of best-performing Nordic hedge funds.

“Energy Transition-related sectors had a more favourable development than global markets in general in October.”

“I am equally excited to welcome Martin Rudling as COO and Leah Engman as Quant Analyst,” Lindström also writes in the LinkedIn post. Martin Rudling was a founding member of Stockholm-based fund management company Keel Capital, which manages long/short equity hedge fund Foghorn. Rudling also served as the CEO of Keel Capital since the inception of the firm in 2009 until 2016. Engman joined Proxy P Management as a quantitative analyst in September and will combine the role with her studies at Linköping University, where she is pursuing a Master’s degree in Industrial Engineering and Management.

“I am equally excited to welcome Martin Rudling as COO and Leah Engman as Quant Analyst.”

The strong performance delivered by Proxy Renewable Long/Short Energy since its launch mid-December of 2018 has attracted interest from investors across the world. “Recently, we also welcomed new investors from Switzerland, Luxembourg, Sweden and Israel,” Lindström writes on LinkedIn. Proxy launched with $6 million in assets under management in late 2018, with the long-biased long/short equity fund now managing over $45 million.


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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

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