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Former SocGen Energy Trader Preps Maiden Hedge Fund


John McPherson, a former energy trader for Société Générale, has formed Sequoia Financial Advisory Services, a Portland, Ore.-based commodity trading adviser, and is prepping an energy hedge fund that will launch later this year.
 
The new vehicle, the Homestake Trading Fund, will trade exotic energy options and spreads in crude oil, natural gas, gasoline and heating oil.

Energy Funds Jolt Hedge Fund Returns In April

Hedge funds stormed back in April, returning almost 2% on average, according to HedgeFund.net.

GLG Loses Another Exec., Braces For Redemptions

Investors aren’t the only ones heading for the doors at GLG Partners.

SEC Settles Charges Against Short-Seller

The Securities and Exchange Commission has filed a settled civil action against Quogue Capital and Wayne Rothbaum, Quogue's managing member and owner.

Swiss Currency Shop To Offer L/S FX Fund

Pfäffikon, Switzerland-based currency specialist Quaesta Capital this month is unveiling a foreign exchange volatility fund, V-Pro.

Egyptian Buyout Firm Preps $100M Turnaround Fund

Sphinx Capital Corp, a British Virgin Islands-based private equity shop, is currently marketing a $100 million turnaround buyout fund, Sphinx Turnaround Fund, to invest in small and medium enterprises in Egypt.

Kotak Launches Multi-Strat Equity Offering

Kotak Mahindra has launched a muti-strategy offering to take advantage of the volatile markets in India.