Lansdowne Partners' clean-energy hedge fund returned 37% in 2019 - Business Insider

Among Lansdowne's investments are large, established wind and solar companies in Europe and elsewhere.simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Fund manager Per Lekander told Business Insider it's due to three things: The falling costs of renewable energy; the world waking up to climate change; and the absence of "extremely" poor investments. Lansdowne Partners' clean energy fund surged 37%, besting the broader stock market, according to an HSBC hedge fund report. The fund, with $221 million in assets at the end of last year, is one of the largest green-energy hedge funds in the world.

. The clean energy fund, he says, buys positions in a wide range of companies, from utilities with renewable assets to manufacturers of wind turbines and electric trains. "The change in my strategy was really, 'OK, let's focus more on ensuring liquidity in 2019, so we don't end up in this situation,'" he said.

If you're looking for a sign that the energy transition is underway, just consider the performance in one of Lansdowne's other funds, focused on energy and infrastructure more broadly . In 2019, it grew by less than 1%, according to HSBC. , Lekander predicted a rapidly changing reality for energy investors, saying that he thinks coal demand in Europe will fall to close to zero by 2021. The energy transition Lekander described is tied, in part, to the falling cost of renewables.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BlackRock's Obsidian hedge fund posted 2019 returns of more than 13% - Business InsiderThe fund, which runs around $1.7 billion, invests in rates, mortgages, and corporate credit, and is run by Stuart Spodek.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Clean energy investor Tom Blum reveals why he won't bet on batteries - Business InsiderTom Blum, a top clean energy investor, has simple advice when it comes to investing in batteries: 'Run away.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

These are the top 8 holdings in Bill Ackman's flagship hedge fund - Business InsiderSome of the fund's performance — the S&P 500 returned 29% in the same time frame — was credited to the Oracle of Omaha, Warren Buffett.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook deepfake policy could fall short - Business Insider - Business InsiderUnder Facebook's new policy, users cannot post videos that are manipulated through AI or altered in a way that is misleading to the 'average' person.
Source: BusinessInsider - 🏆 729. / 51 Read more »

HSBC is facing pressure in Hong Kong - Business Insider - Business InsiderHSBC faces backlash in Hong Kong after closing an account with funds used by Spark Alliance, and after police froze $9 million tied to the account. And also Hong Kong and Shanghai are part of the bank’s name.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Citi is partnering with YieldStreet, an alternative investment fintech - Business InsiderWealth startup YieldStreet just nabbed backing from Citi and inked a deal to sell billions in private-credit and structured products to the mass affluent crowd So the rich get richer...🤷🏽‍♀️ How can one pull themselves up by the bootstraps when y’all are wearing Gucci loafers?
Source: BusinessInsider - 🏆 729. / 51 Read more »