Nordic Power Trading closes French fund

In 2018, the Danish energy trader revealed its launch of a new fund targeting France with promises of high returns. But now that fund is merged with the with company's Nordic setup because it's "easier to manage".

Photo: PR Nordic Power Trading

"I predict an average annual return of 20-30 percent, but there's a possibility of a rate of return exceeding 50 percent."

So said Bjarne Walbech, chief executive and owner of Nordic Power Trading, when the company launched its French fund in 2018. Now, though, the firm behind the fund, dubbed Nordic Power Trading France, is undergoing voluntary liquidation.

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