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.

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