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.

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