Thursday, 2 April 2015
Last updated 10 hours ago
Apr 29 2010 | 1:54pm ET
An Ospraie Management veteran is preparing to launch a commodities hedge fund of his own.
Pasha Bahadori founded LuxEn Capital Management in New York last year. The firm will offer its debut vehicle this quarter, HFMWeek reports.
The LuxEn Capital Fund will invest in energy commodities and energy stocks. The long/short vehicle will employ a bottom-up approach to liquid markets, owning at any one time between 12 and 24 positions.
LuxEn has a capacity of $1 billion.
Bahadori worked at Ospraie until last year as a partner and portfolio manager for energy commodities and equities. Before joining the New York-based firm, he worked at hedge fund Tudor Investment Corp. as an analyst.
Bahadori is only the latest in a strong of Ospraie veterans to go it alone after that firm shuttered its flagship hedge fund 18 months ago. A year ago, former Ospraie partner Andrew Suckling founded Verulam, and several months later Erik Verhaar and George Roskott established Falckon Capital in the Netherlands.
Ospraie itself has bounced back from its 2008 troubles, raising $500 million for two new hedge funds launched last year.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…