Fund launches & closures

Ecofin unveils long/short oil and gas fund carve-out

by

Daniel Lacalle
Ecofin, the $1.8 billion utilities specialist, has launched a new long/short fund focused entirely on the global oil and gas sector.

The new fund runs a strategy that has already been traded for two years at Ecofin, and which is used to trade the oil and gas book for the firm’s Ecofin Global Long/Short UCITS offering.

The book, one of four components of the UCITS fund, has been performing well so far and unaudited numbers show it to be up around 25% since January 2010 – with low volatility of around 8%.

The