Coeli launches new climate-focused, equity market neutral energy fund.

Recent major advances in alternative energy have changed the dynamic in the energy sector and made it one of the most attractive sectors for equity market neutral funds. This, in combination with the record-long bull market, has led us to establish a new partnership with two experienced and successful asset managers from London. We offer a climate-focused, equity market neutral energy fund – Coeli Energy Transition – that will have a positive impact on the climate and at the same time protect capital in the event of a downward market shift.

Historically, energy has been one of the most volatile sectors in the S&P 500. For some time, the energy transition, which is accelerated by cost-effective technology and intensifying climate debate, is increasing the pressure on the fossil fuel industries to focus their investments towards shorter cycle projects. When the oil price cycle is shortened, the spreads between stocks within the energy sector rises. The Coeli Energy Transition fund is specialized in taking advantage of this change in dynamics.

“We are not only offering a climate-focused fund with a negative carbon footprint, but also hopefully a high risk-adjusted return through our equity market neutral strategy, says Joel Etzler, Portfolio Manager.

If climate scientists are correct, and we have 10-15 years to avoid 2-degree Celsius warming in the future, we cannot solely rely on renewable energy. To this day, 87% of global energy demand still comes from fossil fuels; it is in the fossil fuel industry where investors can have the biggest impact on the climate.

“We need to influence the fossil industry to do more than reducing emissions from fossil fuels – we need to convince them to use their large capital to invest in alternative energy,” concludes Vidar Kalvoy, Lead Portfolio Manager.

At Coeli, we would like to offer our investors a climate-secure portfolio with a negative carbon footprint where their invested capital helps drive the large energy transition from fossil fuels to renewable energy. Therefore, the Coeli Energy Transition Fund is committed to at all times be negatively exposed to the fossil industry.

The fund will be launched on August 16.

Out Asset Managers
Vidar Kalvoy and Joel Etzler have worked together for the past seven years, most recently at Horizon Asset LLP, a London-based hedge fund. Today they are shifting their focus to the Nordic region continuing their investment strategy in coalition with Coeli.

Vidar Kalvoy is the Lead Portfolio Manager and Founder of Coeli Energy Transition. For nine years, he was responsible for the energy investments at Horizon Asset. Kalvoy has also managed energy investments for another London-based hedge fund and worked as an equity analyst in the technology sector in both Frankfurt and Oslo. Vidar holds an MBA from IESE and an MSc from the Norwegian School of Economics.

Joel Etzler is the Portfolio Manager and Founder of Coeli Energy Transition. He started working with Kalvoy at Horizon Asset in 2012 and previously spent five years in private equity at Morgan Stanley in London. Etzler began his investment career in the technology sector at Swedbank Robur in Stockholm in 2006. Joel holds an MSc from KTH.

Read more about Coeli Energy Transition

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Alexander Larsson Vahlman

Senior Analyst Coeli Likviditetsstrategi & Coeli Nordic Corporate Bond Fund

  • Worked at Coeli since 2018
  • Worked in the finance sector since 2014
  • MSc from Rotterdam School of Management and Bachelor from Mercyhurst University

Alexander Larsson Vahlman is Senior Analyst for the funds Coeli Likviditetstrategi and Coeli Nordic Corporate Bond Fund. Before Coeli, Alexander worked at Danske Bank with business funding and och business analysis.

Portfolio Manager Gustav Fransson

Gustav Fransson

Portfolio Manager Coeli Likviditetsstrategi & Nordic Corporate Bond Fund

  • At Coeli since 2009
  • More than 10 years in the industry

Gustav has more than 10 years’ experience from the financial industry from various roles within asset management and corporate banking. Prior to joining Coeli in 2008 he worked as a real estate finance analyst at Royal Bank of Scotland, Nordic Branch.

Coeli Henrik Milton

Henrik Milton

Portfolio Manager Global Select

  • At Coeli since 2016
  • More than 17 years in the industry
  • Master of Science in Finance from Lund University

Henrik Milton has extensive experience from analyzing equity and portfolio management. Previously, Henrik has worked as portfolio manager at Capinordic Asset Management responsible for the Global Opportunities fund and the BRICA fund until 2010. Both of the funds were given top ratings (five stars) by Morningstar.

Coeli Andreas Brock

Andreas Brock, CFA

Portfolio Manager Coeli Global Select

  • At Coeli since 2014
  • More than 10 years in the industry
  • MBA at London Business School, Bachelor degree from Lund University and is a CFA Charter holder

Andreas has long experience of equity research and investments and invested globally during his time with Capital Group in London, but his formative years as an investor dates back to his days with ABB’s M&A department in China. Andreas is a CFA Charterholder.

Portfolio Manager James Bannan

James Bannan

Portfolio Manager Coeli Frontier Markets

  • At Coeli since 2017
  • More than 12 years in the industry
  • Chartered Accountant (CA) from the Institute of Chartered Accountants, Australia

James Bannan has been investing in Frontier Markets for over 10 years, including as co-lead at BankInvest’s global Frontier Markets listed equities funds from May 2011. Prior to that James lived in Ho Chi Minh City, Vietnam for 5 years, working for BankInvest’s Private Equity New Markets funds, which was rated as the best performing fund in Asia with 2006 – 2010 vintage by Prequin, generating returns of over 50%. Before his time in Vietnam, he worked with M&A at KPMG in Sydney and Copenhagen, where he completed several deals in several in Frontier Markets. In 2018 Coeli Frontier Markets was awarded the prestigious Thomson Reuters Lipper Fund Award for best fund in its category.

Portfolio Manager Hans-Henrik Skov

Hans-Henrik Skov

Portfolio Manager Coeli Frontier Markets

  • At Coeli since 2014
  • More than 12 years in the industry
  • Holds a Master of Science in Finance from Copenhagen Business School, graduating as top two of his class

Having managed listed equities in global Frontier Markets since May 2007, Hans-Henrik Skov has one of the longest experiences in this investment universe. He was at BankInvest Asset Management from May 2007 to February 2014, as co-lead on BankInvest’s Frontier Markets listed equities funds. Hans-Henrik previously worked at Barclays Capital and at JP Morgan, both in London. In 2018 Coeli Frontier Markets was awarded the prestigious Thomson Reuters Lipper Fund Award for best fund in its category.

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Namik Immelbäck

Portfolio Manager Coeli Altrua Makro

  • Joined Coeli in 2018
  • 12 years of experience in global macro investing
  • BSc London School of Economics, MSc Bocconi

Namik Immelbäck is portfolio manager of Coeli Altrua Macro and responsible for investment strategy and research. Over the last 12 years Namik has held various roles as economist, investment strategist and trader at well-known global macro hedge funds such as Comac Capital, Tudor and Millennium in London and New York.

Mikael Petersson

Portfolio Manager Coeli Absolute European Equity

  • Joined Coeli in 2018
  • More than 25 years of  experience in finance industry
  • BSc from Lunds University

Mikael Petersson is the responsible portfolio manager for Coeli Absolute European Equity and has many years of experience in portfolio management. Mikael has been an employee for some of the most successful hedgefund coorporations in Europe, such as Lansdowne Partners and Kairos Investment Management in London. He has also started his own business i Zug, where Coeli previously was an investor.

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Erik Lundkvist

Portfolio Manager Strategy Funds

  • At Coeli since 2004
  • More than 15 years in the industry
  • Erik holds a M.Sc. in Economics from Örebro University and CEFA from Stockholm School of Economics

Erik is responsible for Coeli Asset Management Solutions products and has 10 years of experience from asset management in roles such as Portfolio Manager, manager selector and economist.

Joel Etzler

Portfolio Manager Coeli Energy Transition

  • Joined Coeli in 2019
  • More than 13 years of  experience in the industry
  • MSc from the Royal Institute of Technology

Joel Etzler is Portfolio Manager and Founder of the Coeli Energy Transition fund and has more than 13 years in the industry, with investment experience from both the public and private equity side. Etzler joined Kalvoy at Horizon Asset in London in 2012 and spent five years before that within Private Equity at Morgan Stanley. Etzler started his investment career within the technology sector at Swedbank Robur in Stockholm, 2006.

Vidar Kalvoy

Portfolio Manager Coeli Energy Transition

  • Joined Coeli in 2019
  • More than 20 years in the industry
  • MBA from IESE, MSc from Norwegian School of Economics and Business Adm.

Vidar Kalvoy is the lead Portfolio Manager and Founder of Coeli Energy Transition. He has more than 20 years’ experience from portfolio management and equity research. For nine years, he was responsible for the energy investments at Horizon Asset in London, a market neutral hedge fund. Kalvoy also has experience from energy investments at another hedge fund in London and equity research within the technology sector in Frankfurt and Oslo.