From mainstream to niche: How energy specialist hedge fund HITE is thriving with bearish carbon outlook Submitted By Hugh Leask | 31/07/2020 - 8:00am Established in 2004, HITE Hedge Asset Management is an alpha-focused energy specialist hedge fund firm which trades a range of energy-related securities throughout the entire carbon value chain. The Quincy, Massachusetts-based outfit’s approach comprises two main strategies: a long-running market neutral, pure alpha-focused, relative value product, which represents around 80 per cent of the firm’s total AUM of USD500 million, and a newer thematic, its short carbon strategy, which launched in 2018.