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Energy Crunch Drives Stellar Returns at Commodities Hedge Funds

  • Hedge funds gain from bets on volatile gas, power and oil
  • Regulation may not resolve Europe’s energy crisis: Ulf Ek
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Former Enron Corp. trader Ulf Ek guided his Northlander Commodity Advisors LLP hedge fund to a 50% return this year, capping a series of gains among commodities-focused investors profiting from unprecedented turmoil in global energy markets.

European energy prices have soared this year as Russia cut supplies of natural gas, sending power prices to record levels and governments rushing to protect consumers from the economic fallout. Fluctuating oil markets added to the volatility, opening up a chance for traders to cash in on the calamity.