Outlandish returns from natural gas derivatives

David Clark

Koda Capital


Juan Penelas joins David to discuss e360 Power, a Texas-based asset management firm founded in 2009 designed to generate superior absolute returns through fundamental discretionary trading strategies in the North American electricity, global natural gas and related energy futures & options markets. Since its inception in November 2009 to October 2022, the strategy has returned 36.2% per annum (AUD),

Juan is a member of the Investment Committee and a Portfolio Manager with trading responsibility across power and related portfolios including power volatility. Prior to establishing e360 Power, Juan was a senior power and gas trader at Griffon Energy Capital, LLC ("GEC") where he co-headed the power desk. Prior to joining GEC, Juan was the head of PJM Power Cash Trading for American Electric Power Energy Service (“AEP”). Juan has worked internationally in the energy and metal industries in a range of finance-related roles. Juan has a degree in engineering (BS/MS) from the Universidad de Buenos Aires and an MBA from the Wharton School of the University of Pennsylvania.

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This research note has been prepared without consideration of any client's investment objectives, financial situation or needs. Before acting on any advice in this document, Koda Capital Pty Ltd recommends that you consider whether this is appropriate for your circumstances. While this document is based on the information from sources which are considered reliable, Koda Capital Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Koda does not accept any responsibility to inform you of any matter that subsequently comes to its notice, which may affect any of the information contained in this document. © Copyright Koda Capital 2020 | AFSL: 452 581 | ABN: 65 166 491 961 | www.kodacapital.com

David Clark
Adviser & Partner
Koda Capital

David Clark is an Adviser & Partner at Koda Capital. In his podcast ‘Inside the Rope’, David interviews some of the leading minds in wealth management.

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