A number of important structural changes have taken place in recent years in the Energy markets. The entrance of alternative investors in the form of hedge and other funds have contributed significantly to this change. This timely book explains why there has been a structural change in all energy markets and what role environmental issues play in that change. The authors demonstrate that energy prices in all markets have entered a sustained bull market with little possibility for mean reversion in the short-term. They explain how alternative investors saw the opportunity early and what impact these investors have had and are likely to have in the future on the energy market. The authors cover the universe of energy hedge funds by strategy and discuss the significant opportunities that they are responding to not just in energy and energy-related commodities but across the energy industry in general including equities, debt, assets, alternative energy, carbon green plays and arbitrage. They cover important aspects such as the maturity of energy markets and how they are expected to develop in sophistication and size over the next 3-5 years e.g. the emergence of investible indices and ETFs.
Book Details:
- Author: Peter C. Fusaro
- ISBN: 9780470821985
- Year Published: 2006
- Pages: 250
- BISAC: BUS014010, BUSINESS & ECONOMICS/Investments & Securities / Commodities / Energy
About the Book and Topic:
A number of important structural changes have taken place in recent years in the Energy markets. The entrance of alternative investors in the form of hedge and other funds have contributed significantly to this change. This timely book explains why there has been a structural change in all energy markets and what role environmental issues play in that change. The authors demonstrate that energy prices in all markets have entered a sustained bull market with little possibility for mean reversion in the short-term. They explain how alternative investors saw the opportunity early and what impact these investors have had and are likely to have in the future on the energy market. The authors cover the universe of energy hedge funds by strategy and discuss the significant opportunities that they are responding to not just in energy and energy-related commodities but across the energy industry in general including equities, debt, assets, alternative energy, carbon green plays and arbitrage. They cover important aspects such as the maturity of energy markets and how they are expected to develop in sophistication and size over the next 3-5 years e.g. the emergence of investible indices and ETFs.
The rising power of hedge funds has continued to reshape both Wall Street and the City of London during the past several years. While hedge fund returns generally disappointed investors in recent years, their movement into the energy complex has not. Hedge funds seek new areas of investment where returns may be stronger and that opportunity is in the global energy business and emerging environmental financial markets. This book is envisioned as a road map to identify investment opportunities in these new and volatile markets. It is a primer for investors and other hedge fund managers to take a hard look at this complex sector, which is now rife with both investment opportunities and risk. Vasey peak oil to the idea that this is just another dot com bubble. To the authors, it is about the fundamentals. It was fundamentals that drove energy commodity prices this last two years and all the evidence shows that nothing has changed as we move into the future.
· The Energy & Emissions markets are predicted to become even larger than the Foreign Exchange markets within the next decade. · On 1 Jan 2005 the European Emissions trading scheme, involving 28 European countries, was launched and has shown excellent rates of growth. · World class authors providing comprehensive coverage of this complex new market.
About the Author
Peter Fusaro has written four books on energy hedging (two with John Wiley) including the New York Times best seller What Went Wrong at Enron. He is recognized throughout Asia as an energy risk management expert, and has spoken at several APEC meetings as well as in China, Thailand, Indonesia, Korea, Australia and Japan on energy trading. He has also written a Financial Times Report, Asia Pacific Energy Derivatives, and conducted many energy hedging and risk management studies for Japanese and Korean companies and governments on these topics for the past 10 years. Gary Vasey, PhD, has over twenty years experience across the entire Energy industry. He was an exploration geologist before becoming an energy industry consultant with Price Waterhouse Coopers. He was a founding member of Cap Gemini Sogetis Oil and Gas sector with worldwide responsibility for strategic partnerships, service development and marketing before going on to build Sybases successful Energy Industry strategy. In 1999 he founded Vas Mark Group, his own marketing consulting and analysis firm focused on the energy industry which he eventually sold to Utilipoint International Inc in 2004. He now runs that firms trading and risk management practice as Vice President.