The energy traders’ trader

Not everyone involved in energy trading has found the recent market meltdown troubling. “There are fewer firms able to take the other side of consumer and producer business – particularly in electricity and natural gas,” says New York-based Danny Masters, co-founder of a $450 million energy hedge fund called Global Advisors. “So, if you have an appetite for risk, there are now more opportunities.” Masters’ approach has served his investors well: his fund racked up a 13% return through mid-Ju