Friday, 25 July 2014
Last updated 4 min 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…