The energy traders’ trader

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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