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BP Capital Management’s second quarter SEC filing shows that the hedge fund manager is focusing solely on energy companies these days. While the firm’s founder and Chief Investment Officer T. Boone Pickens has been publically supporting clean energy technologies, his stock portfolio suggests that he is still a strong believer in dirty energy. After selling-out of its basic materials sector holdings, the fund now holds 100% of its portfolio in the energy sector, specifically oil and natural gas companies.
BP Capital’s top holding, offshore oil drilling and exploration company Transocean Inc, was trimmed over the quarter by 125,000 shares / $9.2mm.
West Palm Beach (HedgeCo.net) -CommodityPoint, a utilities analyst and consulting firm of UtiliPoint International, is partnering with Global Change Associates, convergence of energy and environmental financial markets specialist, to undertake a multi-client research project and to produce a study report around emissions trading & monitoring software.
“Green trading has now become established and various ‘green’ commodities are now actively traded by a variety of participants including carbon, SOx and Nox as well as RECs (Renwable Energy Credits). Investor interest in trading these commodities is at an all time high. Consequently there is a growing demand for software products that will support these trading and risk management activities as well as in those software products that monitor and help manage emissions," said Dr. Gary M. Vasey of CommodityPoint. "Indeed, as forecast in our book ‘Trends in Energy Trading, Transaction and Risk Management Software – a Primer’ (Booksurge, 2006), these two software categories are morphing as the two software markets collide."
“The emerging greenhouse gas market is now ripe for software solutions on an enterprise level. Today, the environmental software space is quite small. It is estimated at $100 million with many small companies developing and extending their domain expertise into this area and beyond energy company applications (energy companies have had to comply with environmental laws in many jurisdictions for over a decade),“ said Mr. Peter C. Fusaro of Global Change Associates Inc.“The need to measure and manage greenhouse gas emissions data is becoming a new area of business development for software companies especially with impending federal greenhouse gas laws in the United States."
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Reuters India – KSK Emerging India Energy Fund had raised £100 million from AIM last year to invest in Indian energy companies.
Global recession has claimed a victim in India. KSK Emerging India Energy Fund (KEF), a £100 million fund listed in London’s Alternative Investment Market, has been wound up after the shareholders passed a resolution last week demanding the same.
The shareholders – which include large hedge funds – passed a resolution on January 22 asking for the liquidation of the company and the return of funds invested by them. The delisting of the company and liquidation has come into effect from January 23. The EGM was held in Guernsey, one of the Channel Islands.
