Sunday, 1 February 2015
Last updated 2 days 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…