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Alternative Market Briefing

European commodity hedge fund shines with 25% YTD return

Tuesday, August 07, 2018

B. G., Opalesque Geneva:

Northlander Commodity advisors is having an run with a YTD return of 24.80% through May. The 7.8% returns made in May came primarily from carbon emissions trading.

The $251m fund, launched in March 2012 with seed capital from a large U.S.-based institutional investor, has returned a total of 201% since inception, according to an email seen by Opalesque. It is a master-feeder structure with a Cayman offshore branch.

The commodity fund is focused in European power and gas and international coal. Its fundamental views are expressed through directional and relative value trading, using solely cleared futures, swaps and options on commodity related instruments, including FX.

Ulf Ek, 47, the founder and CIO of London-based Northlander Commodity Advisors LLP, manages the fund. Ek has over 18 years of experience in energy trading, after starting his career with Enron and moving on to Amaranth Advisors, Brevan Howard and Barclays. His firm now manages $578m.

A Connecticut-based partner at Northlander, Harry Arora, is currently vying for a Republican seat in Congress.

The Eurekahedge Commodity Hedge Fund Index is d......................

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