Ex-Credit Suisse Oil Chief Readies Hedge Fund

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.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note