Former Enron trader’s hedge fund jumps 50% powered by gas


LONDON: Former Enron Corp trader Ulf Ek has guided his hedge fund to a 50% gain this year amid the unprecedented turmoil in European energy markets.

His US$423mil (RM1.9bil) strategy rose more than 11% in August as Northlander Commodity Advisors LLP capitalised on swings in the prices of natural gas and power.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Serving up a digital feast
KIPing it neighbourly
Consumer sector reality check
Is Malaysia ready for international retirees?
Going beyond a centralised housing data bank
Hazy days for Malaysia’s property sector
Mr. Robot comes to town
Zero tolerance for corruption
Lotte Chemical Titan sale sparks hope but challenges remain
Malaysia’s growth story has a missing piece

Others Also Read