Tuesday, 21 October 2014
Last updated 10 min ago
Nov 4 2011 | 10:56am ET
Credit Suisse's former top oil trader will launch his maiden hedge fund this month.
Kieran McKenna's Mastic Investment Advisory will begin trading with partner capital this month, Bloomberg News reports. The firm, which also features Energy Alpha Strategies founders John Thompson and Erik Serrano Berntsen, who will serve as chief operating officer of Mastic, will take a relative-value approach to oil and energy investing, the firm said. Mastic will make "extensive use" of options, it added.
"There are contrasting outlooks from the fundamental hydrocarbon supply-and-demand balance issues that remain unresolved," McKenna told Bloomberg.
Zug, Switzerland-based Mastic will begin accepting outside capital next month. McKenna would not disclose a fundraising target.
McKenna, who joined Credit Suisse three years ago after stints at JPMorgan Chase, Citadel Investment Group and Goldman Sachs, left the firm in July after the bank dissolved its five-year alliance with Glencore International, replacing it with a consulting agreement. McKenna had been global head of oil and products for that alliance.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...