Energyforum

Fredrik Bodecker, managing director of NCF, says the company is currently examining the possibilities. “It depends on us getting in enough capital,” he told Montel Powernews.

The new energy fund will take positions in the European power markets and within fuels such as gas, oil and coal, as well as within CO2 and freight.

The exact start-up date for the fund has not yet been decided. “But it will not take long to have the fund up and running once the decision has been made,” Bodecker said.

NCF currently manages the Nordic Power Fund, which trades financial power contracts. Bodecker believes the company has gathered enough experience through the power market to be able to enter the fuels markets. “The aim of the new fund is to have our risks more evenly spread. The power and fuels markets are becoming more closely connected and we now believe we are as capable as anyone else to do this.”