Thursday, 28 August 2014
Last updated 5 hours ago
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.
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 ...