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Former Enron Trading Trio Gains as Winter Heating Demand Surges

Three former Enron Corp. traders saw returns jump more than 15 percent in January at their year-old hedge fund as natural gas and electricity prices soared with frigid weather.

Fletcher Sturm, Robert Benson and Frank Ermis, each with 20 years of trading experience, formed Cogent Energy Investment Management LLC in Stamford, Connecticut, to invest exchange-cleared gas and electricity contracts based on fundamental analysis.