In The News - Carbon Pulse- London hedge fund reports stellar gains in 2021 from EU carbon

Another London-based hedge fund has reported big gains this year stemming from bullish bets in EU carbon.

Altana Wealth’s futures-focused strategy has scored a near-60% return since launching this summer, Hedgeweek reports.

The Altana Carbon Futures Opportunity Fund gained a whopping 49.8% last month, pushing its year-to-date return to 59.52% since launching in July.

Altana Wealth, the multi-strategy hedge fund led by former Trafalgar Asset Managers co-founder Lee Robinson, utilises a tail-risk hedge fund strategy that captures upside moves in EUAs, while systematically managing sudden sell-off or ‘left tail’ event risk.

In a strategy update, the firm said strong fundamentals, regulatory support, and bullish effects connected to option hedgers plus an increasing number of market participants powered the EUA futures to its best month since Dec. 2016, returning better than 28%.

Please click here to read the full article (Subscription required)