The liquidity makers


Hedge funds are not new to energy markets. According to Sharon Brown-Hruska,commissioner with the Commodity Futures Trading Commission (CTFC), of the top100 hedge funds, 68 are registered as commodity pool operators with the CFTC,and she says the regulatory body has had a long-standing interaction with thesefirms. “These funds are not new on the scene in our markets, although interesthas grown,” she says. “It certainly does not surprise me, as an academicfinance professor, that investors would

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