Alma Electron Global Fund

Fund Strategy

The Fund follows a long/short equity strategy focused on the global transition of energy consumption toward lower-carbon solutions. It invests in clean energy, infrastructure, and utility companies that are the key drivers, enablers, and beneficiaries of this structural shift. By leveraging in-depth industry knowledge, the strategy seeks to anticipate inflection points in the Energy Transition value chain and maximize returns.

Investment Manager

Electron is a New York-based investment advisor, founded in 2005. The firm brings decades of experience across the global clean energy, infrastructure, and utility sectors, including renewable developers and companies undergoing energy transition. The senior investment team has worked together for an average of 17 years, reflecting a deep, long-standing collaboration and shared expertise in navigating the evolving energy landscape.

Key Persons

Ran Zhou
Managing Partner, Chief Investment Officer

Ran oversees the entire investment process and has final authority on the positions in the portfolio. Ran, who was Electron’s first employee in 2004, became Chief Investment Officer and Managing Partner, continuing the same strategy deployed over the last 20 years. Since Electron’s first day, Ran has been instrumental in portfolio construction, risk management, and managing the investment team. Ran has 19 years of experience covering utilities, renewable/clean energy, traditional energy, infrastructure, and capital goods. In October 2023, Ran became Managing Partner and CIO of Electron Capital. He joined Electron Capital Management in June 2005 as an Analyst after graduating from Columbia University with an MA in Statistics in May 2005 and moved with the team to SAC Capital Advisors in 2008, where he covered Asian utilities, traditional energy, capital goods and global alternative/renewable energy.

Ran was born and raised in Beijing, China, where he received a BS in Mathematics and Applied Mathematics from Tsinghua University in July 2004. Ran is a two-time Bronze medalist in China’s National Olympic Mathematics Competition. He is fluent in English and Mandarin Chinese.

Neil Choi
Partner, Portfolio Manager

Neil focuses on regulated utility, merchant power, and gas pipeline companies located in the U.S. and U.K. Neil joined the team at SAC in June 2010 as a senior analyst covering the US utility sector. Neil has 28 years’ long/short experience. Prior to joining SAC, he worked as an analyst in the Global Equities division within Citadel Investment Group, where he covered utilities, gas pipelines and independent power companies, and before that at Pequot Capital Management for approximately two years, as part of a team managing the firm’s long-short US utility portfolio. Before joining Pequot, Neil was a sell-side analyst for nine years at Goldman Sachs, where he covered US utilities. He graduated magna cum laude from The Wharton School in 1995 with a BS in Economics.

Performance

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.

Investment Manager's Commentary