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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note