[Members in The News] Electricity trading hedge fund kWantix acquired

(November 02)

Moody Aldrich Partners on Wednesday said it has acquired the assets of kWantix Trading LLC and kWantix Trading Advisors LLC, a Pittsburgh-based electricity trading hedge fund.

MAP, an asset management company based in Marblehead, Mass., also has entered into a long-term technology licensing agreement with kWantera Inc. kWantix was founded as a subsidiary of kWantera in 2014. kWantera utilizes advanced data science and predictive analytics technologies to forecast energy markets and build tools for companies that buy, sell or consume energy. Since January 2015, kWantix has used this technology to trade power in a hedge fund structure, buying and selling electricity in the day ahead and real-time power markets,

Read Here:https://www.bizjournals.com/pittsburgh/news/2016/11/02/electricity-trading-hedge-fund-kwantix-acquired.html