Electron Capital Partners returned 10.3% net for August, pushing its year-to-date returns into the green at 10%. The MSCI ACWI was down 3.9% for August, bringing its year-to-date return to -18.8%, while the S&P 500 was down 4.2% for August, which brought its year-to-date return to -17%. The MSCI World Utilities Index lost 1.8% for August and is down 4.6% for the year.
Performance Attributions
On a gross basis, Electron Capital captured the vast majority of its returns from alternatives and clean energy, which contributed 6.1% to its performance on the long side and 0.6% on the short side. Electric utilities contributed...
