Monday, 22 December 2014
Last updated 2 hours ago
Jan 11 2013 | 1:21pm ET
Another energy hedge fund is closing its doors as its founder calls it quits.
Andrew Rowe said today that he's closing his SandRidge Capital and retiring. Most of the fund's US$320 million in assets will be returned by the end of the first quarter, Reuters reports.
Rowe said he planned to "sit back and hang out with my kids and play golf."
"Life is good," he said.
The Houston-based hedge fund returned 11% last year.
Rowe's exit comes after a difficult year for commodity hedge funds—although not his. Last year also saw the closure of several prominent energy and commodity funds, including SandRidge's fellow Texan Centaurus Capital, BlueGold Capital and Fortress Investment Group's commodity fund.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.