THE ENERGY TRANSITION BUSINESS CASE

THE OPPORTUNITY: A DISRUPTIVE TECHNOLOGY CHANGE

The legacy energy system is based on fossil fuels and is moving towards renewable energy. Only a few years ago, renewables were at a cost disadvantage. This has changed substantially and as a result, the energy system is shifting from being commodity to technology driven and becoming less dependent on fuel prices. We base our strategy and derive alpha from this disruptive change.

About us

ABOUT PROXY P

WE INVEST GLOBALLY IN ENERGY TRANSITION

Our mission is to invest globally in Energy Transition. As such, we aim to identify and invest in sustainable companies that support decarbonisation and a carbon free economy.

We are energy specialists, investing thematically in Energy Transition.
We realized early that a disruptive technology change was emerging where Technology advantage + Cost reduction + Regulation = Tailwind

Energy Transition

Energy Specialists

Carbon free economy

Performance

Current NAV

MTD

YTD

EUR A

104.05%

October -13.44%

-25.17%

Jonas Dahlqvist

jonas.dahlqvist@proxypm.se

Lead Portfolio Manager

PROXY RENEWABLE LONG/SHORT ENERGY

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

YTD

2023

7.91%

-4.11%

-3.70%

-4.27%

1.52%

-2.92%

-1.75%

-4.95

-2.42%

-13.56%

2022

-6.34%

12.77%

2.53%

-4.21%

12.16%

1.55%

7.84%

-0.56%

-8.03%

-3.00%

11.28%

-8.10%

15.20%

2021

10.98%

-3.30%

0.19%

-5.52%

-6.12%

8.96%

-4.65%

0.71%

-1.23%

16.14%

-5.32%

-12.81%

-5.50%

2020

-0.73%

7.84%

-8.99%

6.30%

4.97%

5.84%

9.34%

4.92%

2.84%

9.15%

13.57%

11.44%

90.28%

2019

11.60%

4.05%

0.19%

4.52%

-3.17%

6.19%

1.31%

0.70%

0.74%

-2.34%

3.83%

7.97%

40.67%

2018

-6.41%

Why Is Renewable Energy A Good Investment Opportunity And Why Now?

Technology Advantage

Better, cheaper and more efficient technology available

Cost Reduction

Drastically reduced CAPEX cost for solar and wind as well as batteries make renewables and electrification attractive

Regulation

Tailwind from regulation and subsidies

COST REDUCTIONS SINCE 2010

85%

49%

85%

APPROACH

Energy is global and so are we. Investments are made in liquid equities globally. We invest in listed equities related to Energy Transition, i.e., renewable energy and energy technology companies.

We run a thematic ESG strategy and the Energy Transition universe inherently includes companies which are critical for global reduction of Green House Gas Emissions. We are growth investors and aim to find the best opportunities the thematic offers and our sector expertise and experience allow us to do that.

We invest globally in companies contributing to energy transition
We do not invest in fossil fuel producers or micro cap / story investing
Our goal is to generate competitive returns and ESG is part of the toolbox used to generate alpha.

THE FIRM

Proxy P Management AB is an Alternative Investment Fund Manager (AIFM), headquartered in Stockholm, Sweden
Regulated by the Swedish Financial Supervisory Authority
The firm is fully independent and owned by the three partners. Team of ten of which six in the investment team
Proxy P stands for Proxy Portfolio. The idea behind the name “Proxy” is derived from the ability to use financial assets as a proxy for physical energy related assets

THE FUND

Proxy Renewable long short Energy fund
SFDR Article 9 compliant
Inception in December 2018, Luxembourg SICAV structure and regulated by the CSSF
Monthly liquidity, 10 days notice
Share classes: USD, EUR, GBP, CHF and SEK available

THE STRATEGY

Investment universe of 700 names within renewable energy production, energy storage and efficiency technologies. Focus on small to mid-cap sized companies
Investment strategy focuses on long term growth opportunities. Generating Long and Short Equity investments.
Proxy has developed a proprietary quantitative-, risk- and portfolio management system
Investment decisions are made on discretionary basis
No micro-cap or fossil fuel shorts

THE FIRM

Proxy P Management AB is an Alternative Investment Fund Manager (AIFM), headquartered in Stockholm, Sweden
Regulated by the Swedish Financial Supervisory Authority
The firm is fully independent and owned by the three partners. Team of nine of which six in the investment team
Proxy P stands for Proxy Partners. The idea behind the name “Proxy” is derived from the ability to use financial assets as a proxy for physical energy related assets

THE FUND

Proxy Renewable long short Energy fund
SFDR Article 9 compliant
Inception in December 2018, Luxembourg SICAV structure and regulated by the CSSF
Monthly liquidity, 10 days notice
Share classes: USD, EUR, GBP, CHF and SEK available

Downloads

THE STRATEGY

Investment universe of 700+ names within renewable energy production, energy storage and efficiency technologies. Focus on small to mid-cap sized companies
Investment strategy focuses on long term growth opportunities. Generating Long and Short Equity investments.
Proxy has developed a proprietary quantitative-, risk- and portfolio management system
Investment decisions are made on discretionary basis
No micro-cap or fossil fuel shorts

THIS IS TEAM PROXY P

The management team has worked together since 2009, investing thematically in energy and energy transition.

The firm is fully independent and owned by the three partners.

We are a team of ten, with six in the investment team. The composition of the team spans across three generations.

ESG & SUSTAINABILITY

We are a thematic ESG fund manager where ESG and sustainability are integrated into the investment process and firm culture. For us sustainability is a natural part of our investment process and risk management.
We have a comprehensive and ever evolving ESG policy, covering relevant ESG angles for our strategy such as:

Exclusion – fossil fuel producers (oil and gas)
Inclusion – we seek out companies that support the transition to a carbon free economy by focusing on three areas of Energy Transition: Renewables, Energy Efficiency and Electrification
UN SDG alignment with SDG 7 – support innovation for clean and affordable energy and SDG 13 – climate action

We use SCOPE analysis and ESG score as an integrated part of our bottom up analysis
We are UN PRI signatory
SFDR Article 9 compliant

Sustainability disclaimer

NEWS

News2023-10-19

ProxyP Renewable Quarterly performance review October 2023

News2023-02-10

Generali Investments + ProxyP

Hear from Dan Lindström, Proxy P Co-Founder and Chief Investment Officer, answering key questions about the Lumyna – Proxy P Energy Transition UCITS Fund.

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