One common theme of his fund is that it will attempt to capitalize on the growing market for information and data, and the generation, storage, use and transmission of that data. Toby likes the energy sector. . . One sector at the beginning of the information food chain is the energy and electrical sector, whose products are used to power the electronic devices, communications and Internet connections. Calpine is engaged in the acquisition, development, ownership and operation of power generation facilities and the sale of electricity and its by-product, thermal energy, primarily in the form of steam. Dynegy provides energy products and services in North America, continental Europe and the United Kingdom.
Products marketed by the company include natural gas, electricity, coal and natural gas liquids.
For the fiscal year just ended, revenues rose 91 percent. All three companies have combined natural gas systems, electrical energy and marketing strategies. Exploration companies are also tremendously interesting, especially natural gas producers. Semiconductor equipment companies are interesting. . . Toby has big positions in the semiconductor sector.