Ex-Goldman Fuel Trader's Hedge Fund Up 12.2%

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note