Electron Global Fund Adds 5% In Q2, Buys Owns Ford As EV Play

The Electron Global Fund, returned 5% in the second quarter of 2021, bringing its year-to-date return to 10.3%. According to a copy of the firm’s second-quarter letter to investors, which ValueWalk has been able to review since inception, the fund has returned 11.6% annualized compared to its benchmark return, the MSCI World Utilities Index of 2.6%. Year-to-date, the benchmark has returned -1.6%. Electron manages $2.5 billion for clients. The firm’s managing partner is Jos Shaver, who is also the portfolio manager of the Global Fund. With assets under management expanding, the hedge fund increased the size of its business development…