Bloomberg – Arctic weather, water shortages and halted reactors drove Nordic power prices to the biggest monthly gain in three years, boosting profits at hedge funds investing in European energy markets.
Electricity across four Nordic countries for next quarter jumped to its highest since 2006 on Dec. 13 after advancing 27 percent last month. The surge gave Nordic Power Trading F.M.B.A. a 29 percent return in November and Norwatt Energy AS’s fund rose 6.6 percent, topping a Bloomberg survey this week of nine funds that together manage at least $268 million.
