Highbridge JV Plans Energy Hedge Fund For Next Year

Dec 4 2007 | 12:43pm ET

A Highbridge Capital Management joint-venture is prepping a commodities hedge fund for launch next year, and has lured a high-profile energy trader to help lead it.

Louis Dreyfus Highbridge Energy—which was formed when JPMorgan’s $30 billion Highbridge took a $1 billion stake in Paris-based Louis Dreyfus ES Holdings in January—has named Saracen Energy Partners’ Bill Reed head of trading, Bloomberg News reports. He starts in January.

According to Bloomberg, UBS is considering an investment in the nascent fund.

Louis Dreyfus Highbridge, a merchant energy firm, has offices in Wilton, Conn., New York, Houston, Calgary, Alberta, Geneva, Shanghai, China, and Singapore.

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