e360 Power

What e360 Power does

e360 Power LLC is a privately held alternative investment management firm founded in 2009 and headquartered in Austin, Texas. The firm operates a discretionary fundamental trading strategy across U.S. wholesale electricity markets (PJM, ERCOT, MISO, ISO New England, NYISO, and California ISO), global natural gas markets (Henry Hub, Dutch TTF, LNG-linked regional basis), and global emissions markets (EU ETS, California ETS, China ETS, voluntary carbon). Trading is executed via exchange-cleared futures and options, with thematic ideas generated from fundamental data inputs, internal proprietary modeling, and technical analysis to define entry/exit and sizing. The flagship strategy has run since inception in 2009 with stated targets of 35% net return and 30% volatility, holding 8-10 themes concurrently and focused on the front 48 months of the curve.

The business is a boutique hedge fund: revenue derives from standard management and performance fees on assets invested in the Flagship fund and in fund-of-funds bridge products, with access structured through both onshore and offshore commingled vehicles limited to qualified investors. The customer base spans institutional investors, family offices, fund-of-funds managers, and ultra-high-net-worth individuals. Distribution is exclusively direct and relationship-driven, supported by monthly bulletins, LinkedIn, and earned media (Bloomberg, FUNDfire, Hedge Fund Journal). The firm employs approximately six people: three portfolio managers (70 years combined tenured trading experience post-U.S. power deregulation), plus Wanda Potts as Director of Finance and Compliance, Scott Watkins as Director of Technology, and co-founder Juan Penelas as Principal.

In December 2025, the firm shut down its flagship fund e360 Power Fund, LP after poor performance linked to market volatility around President Trump's April 2025 tariff announcements, and is now pursuing a more conservative trading strategy. The firm also disclosed an ambition to raise up to $1 billion and is incubating a second product line, the "Volta Strategy," though both initiatives were running concurrently with the funds closure, raising questions about execution and continuity.

Name

e360 Power

Legal name

e360 Power LLC

Website

https://e360power.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

e360 Power is a privately held Austin-based hedge fund founded in 2009 that runs a discretionary fundamental trading strategy across U.S. power, global natural gas, and emissions markets for qualified institutional, family office, fund-of-funds, and ultra-high-net-worth investors.

Ownership category

akta.pro rank

Product category

Alternative Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Long/Short — Energy/Utilities Focus (FSAHAAAO)

akta.pro secondary industries

Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM), Energy & Power Infrastructure Funds (Generation, Transmission, Storage) (FSANAEAB)

Keywords

• Alternative investment management
• Energy markets trading
• Commodity hedge fund
• Power markets investing
• Natural gas derivatives

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Hedge Fund Management: Generates returns through fundamental discretionary trading strategies in North American electricity markets, global natural gas markets, and related energy futures and options markets. Revenue is derived from standard hedge fund fee structures including management fees and performance fees charged to investors in the Flagship fund.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

e360 Power LLC runs an alternative investment hedge fund strategy that generates uncorrelated returns through fundamental discretionary trading of exchange-cleared futures and options across North American electricity markets (PJM, ERCOT, MISO, ISO New England, NYISO, California ISO), global natural gas markets (Henry Hub, Dutch TTF, regional basis, LNG), and global emissions markets (EU ETS, California ETS, China ETS). The firm sells institutional access to this strategy through onshore and offshore commingled fund vehicles to qualified investors, family offices, fund of funds, and high net worth individuals.

Product overview

e360 Power is a hedge fund and alternative investment management firm offering a flagship strategy (running since 2009) and an upcoming Volta Strategy. The firm trades exchange-cleared futures and options across wholesale electricity markets (PJM, ERCOT, MISO, ISO New England, NYISO, California ISO), global natural gas markets (Henry Hub, Dutch TTF, regional basis), and emissions markets (EU ETS, California ETS, China ETS). Services target institutional investors, family offices, fund of funds, and high net worth individuals through onshore and offshore commingled fund vehicles. The firm also provides investor communication through monthly bulletins.

Differentiator

Problem solved

Functional benefit

Brands

• Flagship Strategy: The main investment strategy running since 2009, targeting 35% net return with 30% volatility target, focusing on 8-10 trade themes at any given time in power markets.
• Volta Strategy

Products and services

• Flagship Strategy (e360 Power Fund) The core investment strategy of e360 Power, providing discretionary fundamental trading exposure across U.S. power markets (PJM, ERCOT, MISO, ISO New England, NYISO, California ISO), global natural gas markets (Henry Hub, Dutch TTF, LNG basis), and global emissions markets (EU ETS, California ETS, China ETS, voluntary carbon). Targeted at Qualified Eligible Participants via onshore and offshore commingled fund vehicles; targets 35% net return with a 30% volatility target across 8-10 trade themes at any given time.
• Fund of Funds Bridge Service Bridge product for institutional clients of fund-of-funds managers providing managed access to the e360 Power Flagship Strategy, enabling fund-of-funds sponsors and their underlying clients to participate in the firm's power and energy market strategy without needing to source and diligence the manager directly.

Quantifiable outcome

• 155% gain on US power and gas bets (historical performance mentioned in Bloomberg coverage)
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hartree Partners: Commodities-focused hedge fund and trading firm with a major presence in North American power, natural gas, and emissions markets. Most directly comparable single-manager energy hedge fund to e360 Power, with similar discretionary fundamental strategies.
• Castleton Commodities International: Energy commodities merchant and hedge fund manager that trades power, natural gas, and environmental products globally. Operates a discretionary, fundamental energy book similar to e360 Power's flagship strategy.
• Trailstone Group: Energy trading and asset management firm with discretionary strategies in global power, gas, and emissions. Comparable size and focus to e360 Power, with similar institutional LP base.
• Freepoint Commodities: Physical and financial energy trader with hedge fund activity in power, gas, and emissions. Directly comparable in terms of fundamental, discretionary approach to energy markets.
• Andurand Capital Management: Discretionary commodities hedge fund with concentrated directional and volatility bets in energy markets. Comparable as a single-strategy, expert-led commodities manager.
• Westbeck Capital: Energy-focused hedge fund manager trading oil, natural gas, and power on a fundamental discretionary basis. Highly comparable niche focus and LP base.
• BB Energy Trading (BB Energy): Independent energy trading house with discretionary activity in power and gas markets globally. Comparable as a smaller, specialist energy market participant.

Broad incumbents

• BP Trading & Shipping: Major integrated energy major with significant proprietary trading and optimization across power, gas, and emissions. Operates in the same underlying markets as e360 Power but at vastly greater scale and as part of a much broader portfolio.
• Citadel Securities / Citadel Commodities: Large multi-strategy alternative manager with a substantial commodities arm trading power, gas, and emissions. Overlaps with e360 Power's market space but operates at a far larger scale across many asset classes.
• Man Group (AHL / FRM): Global alternative investment manager running discretionary and systematic commodities strategies, including power and natural gas. Relevant as a broader incumbent in energy-adjacent hedge fund strategies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/e360-power-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about e360 Power