ETG Capital opens energy hedge fund
The ETG Capital Master Fund opened to investors on June 1 and will begin trading after it has raised between $25million and $50mn, according to co-founder Don Addison.
ETG, itself formed three months ago, has said that it plans to raise as much as $500mn in the next three years for the energy fund, which will establish forward positions in natural gas, crude oil and power markets in the United States and Europe. Addison notes that the fund may also incorporate emissions trading at a later date.
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