Tuesday, 23 September 2014
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitich, CIO of Petty Endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.