Ex-Goldman Oil Desk Chief Readies Hedge Fund

May 3 2010 | 12:41pm ET

A longtime Goldman Sachs energy-trading executive is striking out on his own, becoming the latest to found a new commodities hedge fund.

Gilbert Saiz is set to launch his Vector Commodity Fund early this summer, Bloomberg News reports. The fund will trade crude oil and refined oil products, areas that Saiz knows well from his stint as head of Goldman’s European fuel-oil desk.

Vector aims to raise US$100 million at launch and has a capacity of US$600 million.

According to John Thompson, a marketer at Energy Alpha Strategies, London-based Vector will feature two other traders and a partner charged with risk management. The fund will be active in the futures, swaps and options markets from the U.S. Gulf Coast to Singapore, Vector said in a marketing document.

Saiz is not saying goodbye to Goldman completely: The Wall Street giant will serve as Vector’s clearing broker. Saiz worked at the firm for more than a decade, both in London and New York.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of