Thursday, 28 August 2014
Last updated 2 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...