Friday, June 15, 2007

Hedge Funds Forecast Windfall Profits From Europe's Expanding Power Market

(Bloomberg) -- Hedge fund manager Marcel Melis
ignores stock charts, commodities reports and bond prices as he
sips his morning coffee. All his attention is focused on one
thing: the weather.

Melis analyzes forecasts for areas from the snowcapped
mountains of Norway to the beaches of Spain's Costa del Sol to
predict changes in demand for power and gas. The founder of
Energy Capital Management BV, which has raised $60 million and
started trading in October, targets returns of 25 to 30 percent.


Read more at Bloomberg Commodities News

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