Tuesday, 24 May 2016
Last updated 13 hours ago
Jun 10 2011 | 2:02am ET
A Czech company has acquired the assets of the Energy Hedge Fund Center.
CommodityPoint—which boasts EHFC co-founder Gary Vasey as one of its own co-founders—completed the acquisition on Wednesday, parent company Midas Medici Group Holdings said. Midas said the deal would give it credibility and an entrée into the energy and commodity trading sectors.
"Having co-founded EHFC in 2004 and now leading CommodityPoint as principal analyst, I am intimately familiar with both businesses and believe that it is the perfect time to leverage the strong online community that's been built over the years at EHFC into the CommodityPoint brand," Vasey said. "With record high prices for most commodities and the advent of new commodity exchange traded instruments, the commodities sector has become an attractive and uncorrelated asset class for investors. The resulting increase in demand for data, information and education in the commodity sector creates a substantial opportunity for Midas and CommodityPoint as we seek to expand the services offered at EHFC to meet the growing need for information surrounding these sectors."
EHFC is a Web site offering information about energy and commodity hedge funds, featuring more than 1,400 members and 1,300 subscribers.