Saturday, 20 December 2014
Last updated 21 hours ago
Mar 17 2011 | 1:36pm ET
Former Goldman Sachs fuel oil trader Gilbert Saiz is doing very well for himself as a hedge fund manager.
Saiz's Vector Commodity Management returned 8.2% last month, almost as much as it made last year, when it returned 8.6%. The fund, which launched last June, is up 12.2% through the first two months of this year.
The firm is also building up its assets, having reached US$258 million by the end of January. Vector managed just US$80 million in September. The London-based firm has a capacity of US$600 million.
Before launching Vector, Saiz was head of Goldman's fuel-oil desk in Europe, working at the firm for more than a decade. As at Goldman, Saiz trades crude oil and refined oil products at Vector.
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.