Ex-Deutsche Bank energy traders launch hedge fund

- Alexander Osipovich
- 10 Dec 2013

As Deutsche Bank retreats from commodities markets, three of its former top US power and gas traders have set up a new hedge fund specialising in financial transmission rights (FTRs), a type of instrument whose payout depends on price differentials between locations in nodal power markets.

Houston-based Tokamak Energy Partners was founded by Andrew Grams, the former head of power, natural gas and

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