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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 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

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read