Freddie Sizer, who led European physical gas trading at Freepoint Commodities, has left the commodities trading company to set up his own hedge fund firm focused on gas and power investments, according to a report by Bloomberg. 

The report directly cites Sizer, who is aiming for a 2025 launch after starting fundraising later this year.

Sizer first joined Freepoint in its Zug office in 2021 and previously held similar roles at BKW and Vattenfall.

Europe’s power and gas market has attracted more hedge funds in the past two years due to volatile gas prices in the aftermath of Russia’s invasion of Ukraine. Millennium Management and Balyasny Asset Management have both added to their energy trading desks in recent months to focus on European gas. According to the report, the price swings may remain until a new wave of supply in 2026 replaces Russian flows.

Last month, Tristan Almada left Singapore-headquartered commodity trading firm Trafigura, where he was a Derivatives Trader, to launch his own commodities-focused hedge fund firm, Almada Capital, in Geneva.

Last year, David MacDonald left Millennium Management, where he was a Senior Portfolio Manager, to start Aegeri Capital, a commodities-focused investment management firm.