Nordic Power

Nordic Power is fund-of-funds that invest into Scandinavian investment managers trading the Nordic power market on the Nordic power exchange Nord Pool.

NEF actively monitors the investment portfolio, both managed accounts and funds, and risk management disciplines of the funds. Nordic Power is currently holding five positions and employ more than 10 different investment strategies.

Investment managers are chosen based on a meaningful track record. They also have a personal investment in their own fund. NEF employs a rigorous screening and evaluation process to identify leading energy traders.

Price Development:

	2010	2009	2008	2007	2006	2005	2004
Jan	-1,02%	-0,78%	0,21%	6.22%	3.36%	6.30%	-
Feb	7,34%	3,09%	-0,96%	2.15%	2.90%	-6.84%	-
Mar	-5,09%	-025%	-1,61%	1.02%	1.20%	2.86%	-
Apr	1,32%	-0,70%	-0,71%	-0.80%	-3.88%	-4.14%	-2.00%
May	-1,08%	1,27%	0,90%	1,64%	3.00%	0.64%	-1.35%
Jun	-	-1,54%	3,94%	-2,05%	3.00%	2.35%	2.98%
Jul	-	1,16%	-1,67%	-0,70%	3.48%	0.73%	-2.98%
Aug	-	0,37%	2,06%	0,21%	5.99%	0.64%	-0.47%
Sep	-	0,71%	-5,31%	-0,49%	4.16%	3.22%	3.40%
Oct	-	-1,06%	0,97%	-4,94%	1.94%	-1.03%	-0.12%
Nov	-	4,75%	2,50%	-3.21%	3.66%	0.00%	6.14%
Dec	-	-2,41%	-1,12%	1,04%	4.15%	1.45%	12.32%
Total	1,07%	4,48%	-1,12%	-0,34%	37.99%	5.67%	18.32%

Net Asset Value:

	2010	2009	2008	2007	2006	2005	2004
Jan	-	1 687,67	1 723,79	1 833.39	1 292.95	1 258.33	-
Feb	-	1 739,76	1 707,17	1 872.82	1 330.41	1 172.28	-
Mar	-	1 735,48	1 679,66	1 891.87	1 346.37	1 205.83	-
Apr	-	1 723,35	1 667,79	1 876.77	1 294.12	1 155.89	980.04
May	-	1 745,16	1 682,79	1 907,61	1 332.91	1 163.30	966.79
Jun	-	1 718,27	1 749,15	1868,49	1 372.90	1 190.65	995.64
Jul	-	1 738,27	1 717,90	1 855.50	1 420.65	1 199.32	965.96
Aug	-	1 744,72	1 755,30	1 859.44	1 505.74	1 207.00	961.43
Sep	-	1 757,07	1 662,18	1 850.38	1 568.36	1 245.86	994.14
Oct	-	1 738,50	1 678,25	1 759,01	1 598.85	1 233.08	992.90
Nov	-	1 821,00	1 720,24	1 702,58	1 657.34	1 233.05	1 053.90
Dec	-	1 777,09	1 700,92	1 720.22	1 726.10	1 250.87	1 183.77
	-