Marcel Melis, a veteran energy trader from Delta Energy and Reliant Energy Trading & Marketing, has started Energy Capital Management. The firm will launch the MMT Energy Fund next month with a target of EUR100 million, said Mark Linnan, head of the U.S. office for Dexion Capital, which is marketing the fund.
Initially it will only trade in the Dutch and German power markets, entering gas, coal, carbon, gas oil and fuel oil contracts. Eventually, the firm will branch out beyond the Netherlands and Germany. After six months of trading, the firm will look to raise an additional EUR200 million. The fund is being pitched to funds of funds, banks, family offices and endowments.
