Ex-Goldman Oil Prop. Trading Chief Readies Hedge Fund

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of