Ex-Amaranth, Barclays Trader Launches Power Hedge Fund

Jan 9 2013 | 12:32pm ET

A former power trader at Amaranth Advisors and Brevan Howard Asset Management has launched a hedge fund of his own.

Ulf Ek founded Northlander Commodity Advisors in London. A former trader at Barclays, he was part of the flood of successful gas and power traders to quit the bank recently; Ek himself left in September 2011.

Northlander has been seeded by an unidentified source and has not begun marketing to outside investors. Ek incorporated the firm in December 2011 and registered it last January.

He's now also made his first hire: Power and energy trader Luis Adrian Mancebo Lomeli joined the firm this month, after stints at Nordic utility Vattenfall, Constellation Energy Group and Sempra Energy, Bloomberg News reports.

Ek, for his part, also formerly worked at Enron Corp.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of