Freddie Sizer, the former head of European physical gas trading at Freepoint Commodities LLC, has left the firm to launch a gas and power hedge fund. Sizer aims to begin fundraising later this year, with plans to debut the fund in 2025.
Sizer’s career in natural gas trading included stints at BKW AG and Vattenfall before his three-year tenure at Freepoint’s Zug office. His decision to resign aligns with a broader trend among commodities traders, who are moving towards establishing independent hedge funds amidst market volatility fueled by the transition from fossil fuels, weather-induced supply constraints, and geopolitical events.
Europe’s gas market has seen significant price fluctuations following Russia’s invasion of Ukraine, prompting increased activity from hedge funds. Despite a recent easing in price volatility, the market is expected to remain unstable until alternative supply sources fully compensate for the loss of Russian gas in 2026. Many hedge funds have responded by expanding their focus on European gas trading.