Hedge Fund Nabs BlackRock Energy Expert

Jan 8 2013 | 11:04am ET

Hedge fund GRT Capital Partners has hired a top BlackRock energy trader to manage more than $400 million.

Daniel Rice was named lead portfolio manager for Boston-based GRT's energy strategy. He will manage both long/short and long-only strategies.

“We couldn’t be more excited,” GRT co-founder Tim Krochuk said. “Dan will make a wonderful addition to our existing team of 10 experienced managers. GRT was built by placing proven talent, like Dan Rice, into an advanced trading and compliance platform that enables them to focus 100% on picking stocks. Everyone at GRT is able to concentrate on what they do best—and we believe Dan will thrive in this environment.”

Rice was co-manager of BlackRock's $900 million Energy & Resources Fund, and managed a total of $2.5 billion at the firm.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...