Money-Losing Sasco Parts Ways With Three

Apr 21 2014 | 3:29pm ET

Three top money managers have left struggling hedge fund Sasco Energy Partners.

Joe Howley, who joined the Connecticut-based fund a year ago as chief investment officer, stepped down earlier this month. Also leaving were natural-gas portfolio managers Garth Camp and Brian Lisoski, Reuters reports.

The exits this month followed those last year of founding member Todd Esse and three others.

Sasco lost 20% last year and has seen its assets fall by more than half to US$300 million from its high of US$620 million.

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