OCEANIC ENERGY FUND
Overview
The Oceanic Energy Fund (OEF) was launched on .1st March 2006. The investment team combines more than 100 years of collective experience within the energy sector. The OEF takes long and short positions in equity instruments and derivatives in order to deliver capital appreciation with medium volatility. The fund invests across the energy universe - upstream, downstream, oil services, renewable energy (wind, solar, biofuels), nuclear, coal, utilities, non conventional (oilsands, shales), pipeline, midstream, GTL and LNG.
Energy demand driven by global economic .growth and population growth is likely to outpace the future growth rate of conventional oil production. Higher production costs combined with declining production from most non-OPEC countries will keep an upward pressure on energy prices. In order .to meet the strong future demand growth for transportation fuels and power generation in .particular, alternative energy sources will be more important over the next decades. Wind, solar power and bio-fuels are likely to increase their share of the total energy supply balance. In addition, the outlook for both renewal and growth in energy infrastructure (wires, pipes and power stations) is very positive. The AUM for the fund is approximately $100m.
This constitutes an investment advertisement, which has been approved by Tufton Oceanic Limited, regulated by the Financial Services Authority (FSA). This does not constitute a solicitation or an invitation to submit to shares in the fund. The only document that does constitute such an invitation is the fund prospectus, a copy of which can be obtained by suitably qualified investors from the administrator or advisor. Prospective investors should be aware that the value of their investments and any income produced by them can fall as well as rise. Investors may not get back the value of their original investment. If there is any doubt about the suitability of this investment, prospective investors should contact their investment advisor.
Tufton Oceanic has offices in London, Isle of Man, Dubai, Cyprus and a representative office in Greece. Tufton Oceanic Limited is regulated by the Financial Services Authority.Tufton Oceanic (Isle of Man) Limited is licensed by the Isle of Man Financial Supervision Commission to conduct Investment Business. Marine Services (IOM) Limited is licensed by the Isle of Man Financial Supervision Commission as a Corporate Service Provider and Tufton Oceanic (Middle East) Limited is regulated by the Dubai Financial Services Authority. Tufton Oceanic Limited, registered in England, company registration number: 1835984. Registered office: 1 Albemarle Street, London, W1S 4HA.