Monday, 1 September 2014
Last updated 3 days 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...