EnergyWatch

Betting on Nordic rain pays better than your average hedge fund

Nordic electricity investment companies delivered greater returns last year than most hedge funds. Price swings spurred the first annual  increase in trading volume at the world's oldest electricity market in eight years.

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.

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