Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.