Frere Hall Profit Jumps

May 2 2014 | 12:20pm ET

Oil hedge fund Frere Hall Capital Management’s revenues almost doubled last year—even as its performance left much to be desired.

The London-based firm, founded in 2012 by former Goldman Sachs European oil-trading chief Taimur Hassan, was down about 20% through October. But the firm’s profits still rose 59% to £3.5 million as revenues surged from £3.1 million to £6 million.

Frere Hall was one of the largest European hedge fund launches of 2012, debuting with US$165 million. In September, it had US$650 million in assets.

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