After years of running energy-focused market-neutral strategies, portfolio managers Vidar Kalvoy and Joel Etzler pivoted to a long-biased long/short approach in early 2023 with the launch of Coeli Energy Opportunities. Three years on, the fund has delivered an annualized return of around 9 percent and posted positive results in each calendar year, an achievement made more notable by the difficult backdrop for renewable energy equities in both 2023 and 2024.
“Despite the fund having just turne...
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