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We do not offer investment advice to private investors

Absolute Return Partners does not offer investment advice to private investors (Retail Clients as defined by the UK Financial Conduct Authority). All such investors are advised to contact Quartet Investment Managers on +44 20 8939 2920 or visit

Our website does not give investment advice

The information contained on the website you are about to access (Website) is for information purposes only and does not constitute and should not be construed as advice on which reliance should be placed, nor is it an offer by Absolute Return Partners LLP (ARP) to enter into any contract or investment agreement or a solicitation to buy or sell any investment in any jurisdiction or in any circumstances. Any information provided in relation to a specific fund is not intended to provide a sufficient basis on which to make any investment decision as any such decision requires careful study of the offering memorandum of the relevant fund.

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If the presence of electricity can be made visible in any part of the circuit, I see no reason why intelligence may not be transmitted instantaneously by electricity.
Samuel Morse

Our long-term investment megatrends

Electrification of Everything

Various disruptive technologies such as digitalisation, AI and the blockchain will lead to electrification of everything. For hundreds of years, the combustion engine has been the driving engine behind economic growth, but that is about to change.

Electrification has significant implications for a number of industries. Demand for coal and gas could virtually disappear, whereas demand for oil could drop to a fraction of today’s levels. It won’t entirely disappear, though, as oil is also used in the chemical industry (mostly to produce plastic products), and the new disruptive technologies won’t change that, but the chemical industry doesn’t account for more than 15% of total oil use.

Water scarcity and global warming will most likely accelerate the process, and so will the energy industry’s hefty use of capital. As far as water is concerned, fossil fuel producers are major user of freshwater, so governments have a strong incentive to move away from fossil fuels. Such a move will also alleviate global warming problems. As far as the capital stock is concerned, we note that the U.S. oil industry requires 31 times more capital to produce a barrel of oil than it did around 1980. Much of that capital could be used elsewhere to enhance productivity, if we could just find an alternative to fossil fuels.