Tuesday, 30 August 2016
Last updated 17 hours ago
Feb 14 2012 | 1:59pm ET
Another veteran of Goldman Sachs' proprietary trading operation is set to launch a hedge fund.
Taimur Hassan has founded Frere Hall Capital Management in London. The firm will launch an energy-focused commodities hedge fund in July or August, Financial News reports.
Hassan joined Goldman in 2008 to launch an oil proprietary trading desk. Two years later, at the tender age of 28, he was named a managing director and head of oil trading for Europe, the Middle East and Asia. He left Goldman, which is shuttering its prop. trading operations to comply with new U.S. regulations, in December.
Frere Hall, named for a building in Hassan's hometown of Karachi, Pakistan, will take a fundamental relative-value approach to oil trading. To facilitate the strategy, Hassan is looking to hire researchers.
Hassan is not a stranger to the hedge fund world. His first job in finance—straight out of college, at Yale University—was at Citadel Investment Group's London office, where he worked as an energy trader.