Friday, 31 October 2014
Last updated 10 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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