DbSelect Adds Swedish Power Strategy

Swedish alternative asset manager Coeli Asset Management has launched its Coeli Power Surge strategy on dbSelect, Deutsche Bank's platform for accessing liquid hedge fund strategies.

Coeli Power Surge captures price trends caused by weather patterns in the Nordic countries.

DbSelect, with 150 available strategies, is Deutsche Bank's platform for accessing liquid hedge fund strategies, such as managed futures, CTAs, currency, global macro, volatility arbitrage and commodity strategies. Managed investment platforms allow hedge fund managers to offer multiple customized ways of accessing investment strategies while reducing counterparty risk and increasing liquidity for investors.

"Power markets in general are expected to show higher correlation to macroeconomic developments, however the unique quality of our strategy is that the dominant price driver - the Nordic weather - is a parameter that leaves nearly all other markets unaffected," says Henrik Wennberg, managing partner and portfolio manager at Coeli. "Our strategy therefore allows investors to gain exposure to a market that is expected to show low correlation with other mainstream investment opportunities."