Web Seminar: Hedge Funds:The Next Wave in Energy Trading (Tuesday, October 5, 2004 1:00 pm to 2:15 pm Eastern)

Global Change Associates and Utilipoint have completed the first study on energy hedge funds entitled Hedge Funds Enter the Energy Trading Space. The authors of the study have identified over 200 hedge funds active in the energy space and will offer a web seminar to present a concise overview of how hedge funds are impacting trading in energy markets.

New York, NY; Houston, TX September 30, 2004 -- Global Change Associates and Utilipoint have completed the first study on energy hedge funds entitled Hedge Funds Enter the Energy Trading Space. The authors of the study have identified over 200 hedge funds active in the energy space and will offer a web seminar to present a concise overview of how hedge funds are impacting trading in energy markets.

The entrance of energy hedge funds in commodity trading is new, and they are bringing both liquidity and more price volatility to the global energy markets. Their presence is accelerating the financialization of energy markets.

This seminar will be based on the current research of Global Change Associates and Utilipoint International representing the first ground breaking analysis of what hedge funds are doing in the energy space. Get up to speed in one hour and a quarter on what is really happening in energy markets for oil, gas, power, and coal trading today.

Your instructors are best selling author of What Went Wrong at Enron and energy risk management strategist Peter C. Fusaro and Dr. Gary M. Vasey; Utilipoint's guru on energy trading & risk management.

Seminar highlights include:
Why energy trading has changed forever
Who are these guys: What actually is a hedge fund?
Why the energy markets are now more financially focused

What's the future role of utilities in this new trading dynamic
What are the impacts on market structure
What are the technology choices available
What's going to happen next in energy trading

For further information on registering for the seminar please click to www.pgsenergytraining,.com.

Please contact Peter Fusaro or Gary Vasey for more information and free press passes for bona fide members of the press to this event.

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About Global Change Associates, Inc.
Global Change Associates, based in New York (www.global-change.com), is a leading consultancy in energy and environmental commodity risk management. GCA is at the forefront of revealing changes in energy trading and risk management, and has been the market leader in energy trading, energy e-commerce, and Enron competitive analysis studies. Company chairman, Peter Fusaro is the author of New York Times best seller What Went Wrong at Enron and has authored six books on energy and environmental trading and will release Energy Hedging in Asia this fall through MacMillan. The company holds the annual Green Trading Summit in New York City.

About UtiliPoint International, Inc.   
Utilipoint International (www.utilipoint.com)    With origins dating to 1933, UtiliPoint International, Inc. is a leader in providing research-based consulting to the utility industry. UtiliPoint analysts have provided strategic business plans and studies on information technology, and its impact on utility operations. Direct experiences include work in trading/risk management, outsourcing, CIS, billing, CRM, metering, AMR, demand response, work/outage management, supply chain, ERP, call centers, rates/pricing products, and IT architectural design. The firm is also the publisher of IssueAlert, an analysis of the utility and energy industrys hot topics sent to over 34,000 utility and energy executives daily.
       
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