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Betting on Nordic Rain Pays Better Than Average Hedge Fund

  • Danish manager made 15 percent, 5 times commodity fund index
  • Power price swings in abnormal weather behind returns
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Getting the weather right was key to Nordic electricity investment companies posting bigger returns than most hedge funds last year.

Nordic Power Trading in Kolding, Denmark, led gains with a 15 percent return, followed by Shepherd Energy Portfolio in Stockholm on 14 percent, according to reports on their websites. That’s more than five times the global hedge fund industry’s average gain last year, according to Hedge Fund Research Inc.