Energy Derivatives House of the Year - JP Morgan

The Risk Awards 2007

JP Morgan cut an especially controversial figure in the energy trading business in 2006. Rumours circulated that board members' dissatisfaction with the energy derivatives group's erratic quarterly earnings had caused the recent departure of some senior staff. This followed earlier talk that the dealer had some kind of privileged position in the takeover of the $6 billion energy derivatives book of failed Greenwich-based hedge fund Amaranth Advisors in September, and that recognition of this