Philadelphia Suburban: Hedge Fund in miniature
- From: Vol 4, Issue 6 (June 2003)
- Category: Market insight
- Region: Americas
- Country: United States
- Related Companies: AquaSource, Philadelphia Suburban, RWE, Suez and Veolia Environnement (formerly Vivendi Environnement)
Matthew Johnson looks behind the success of the largest investor owned utility in the US.
Philadelphia Suburban (PSC) has been delivering prototypical hedge fund performance over the last decade, through the tech bubble, and subsequent downturn. But whereas hedge funds rely on derivatives to
smooth the peaks and troughs of the market, PSC has done it by delivering steadily growing returns with low market correlation and low volatility.
Over the last three years PSC has ...
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