The CARBON NEUTRAL ALPHA (“CNA”) PROGRAM is an absolute return program. It develops a risk-adjusted portfolio of the most liquid futures and spreads of the European Carbon Market Allowances (EUAs) and CBL Voluntary Carbon Offsets, it seeks to perform in different market environments and economic cycles. The EUAs are a unique asset class with strong bias and inefficiencies due to the market's regulatory policies, hedging pressure, weather, and supply/demand fundamentals.
The program is discretionary, employing a Quantamental Investment Process that combines in-depth fundamental analysis with quantitative modeling and techniques.
Sigma Advanced Capital Management LLC believes that responsible businesses need to be thoughtful, aware, and willing to act. The Carbon Neutral Alpha program seeks to have a climate impact by supporting environmental initiatives by using a percentage of management and performance fees to support high quality offset project in different regions around the world that are aligned with the 2030 Sustainable Development Goals (SDGs).