Home  |  Sitemap

Press Releases

Back to Press Releases

Absolute Return Partners LLP select Quintillion for NEAS Power Fund

Release Date: 7 October 2009

Quintillion fund administration is pleased to announce that it has been appointed by Absolute Return Partners LLP to provide administration services to its NEAS Power Fund which launched 1st October 2009.

The fund will trade futures, forwards and options on electricity, carbon emission certificates and the commodities which are the components of the power complex (coal, gas and oil) and will be applying a relative value approach. More than 95 per cent of the securities traded will be listed on either Nordpool or the EEX, the two main European power exchanges. The fund has been incorporated as an umbrella company registered under the laws of Malta.

Absolute Return has appointed NE Capital Management to be the sub-investment manager with responsibility for the day-to-day management of the portfolio. NE Capital Management is the capital management arm of Nordjysk Elhandel (NEAS), a Danish energy company with substantial commercial interests and trading experience.

Jan Vilhelmsen, senior partner at Absolute Return Partners LLP, said:
“We are very pleased to have selected Quintillion as our administration partner and look forward to a mutually beneficial relationship post the successful launch of the NEAS Power Fund on October 1st. Quintillion’s pro-active project management did help to make our operational set-up and launch phase very straightforward and has, we feel, validated our selection decision.”
Alan Doyle, senior manager at Quintillion, said:
“We are delighted to welcome ARP to our client base and look forward to servicing the NEAS Power Fund to the highest standards possible.”

About Quintillion
Quintillion is an indigenous and independently operated fund administration company which was established in 2006. The majority ownership of the company is shared by the management and staff, with a 25% minority share owned by a US seed investor. Quintillion provides a complete suite of fund administration and back office support along with shareholder services to a wide variety of clients. Experienced accounting and investor services professionals, coupled with leading technologies which are deployed in an innovative manner, are at the core of its ability to deliver superior fund administration solutions to hedge funds and asset management firms. Our client base of hedge fund managers, institutions and corporations run a broad selection of investment strategies and fund structures that are serviced by client focused teams.

Contact
Joan Kehoe
Chief Executive Officer – Quintillion Limited
Phone: +353-1-5238001 / Mobile: +353-87-2390665
Email: joan.kehoe@quintillion.ie
Ken Somerville
Head of Business Development - Quintillion Limited
Phone: +353-1-5238003 / Mobile +353-87-131-9552
Email: ken.somerville@quintillion.ie