Tuesday, 7 July 2015
Last updated 17 hours 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.
May 27 2015 | 2:15pm ET
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