Thursday, 26 May 2016
Last updated 11 hours ago
May 14 2014 | 1:25pm ET
A former Goldfinch Capital Management and SandRidge Capital portfolio manager is set to launch his own hedge fund this summer.
Rick Thielke has founded Mirarc Capital Management with former Cornerstone Global Commodities energy broker Brandon Cochran. The Houston-based natural-gas fund will debut in July, Cochran told Reuters.
According to Sparkspread, Mirarc will have “substantial” backing from an institutional investor.
Thielke’s move to strike out on his own comes little more than a year after he joined Houston-based Goldfinch. He formerly spent three-and-a-half years as head of analytics at Sandridge, and previously worked at Louis Dreyfus Commodities and Merrill Lynch Commodities.
Cochran is a former trader at high-frequency trading firm Quantlab Financial. Mirarc will also feature Divya Brown, a former lawyer for oilfield services company Aker Solutions, as chief operating officer.