One of the world’s leading alternative investment management organizations Lansdowne Partners has appointed a portfolio manager from Norges Bank Investment Management for the launch of an energy-focused hedge fund, according to sources.
The decision to launch an energy-focused hedge fund comes four months after portfolio managers Peter Davies and Stuart Roden confirmed they were taking management control of the UK hedge fund group as co-founder Steven Heinz was standing down.
Per Lekander will be based in London and joins from NBIM – the world’s largest sovereign wealth fund – where he was responsible for managing the utilities team. Lekander will manage the new fund from Lansdowne’s London office.
News of the launch comes as pension fund investors are looking increasingly at opportunities in the utilities sector.
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