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.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of