CQS, BlueGold Vets Launch New Hedge Fund Firm

Feb 9 2016 | 10:37pm ET

Former CQS portfolio manager Will Smith and former BlueGold Capital partner Jean-Louis Le Mee are joining forces to launch a new hedge fund management firm. 

The new company, named Westbrook Asset Management, was incorporated in the United Kingdom on February 3, according to regulatory filings.

The firm is planning to launch in mid-March with hopes to trade a potential rebound in the price of crude oil, noted a Reuters report citing an unidentified source.

The duo will reportedly share CIO duties, with Smith as chief investment officer and Le Mee co-chief investment officer. 

Smith joined CQS in 2008 from Landsbanki Securities, where he ran proprietary trading with a focus on resources, and has held stints at Panure Gordon, UBS and Morgan Grenfell.

Le Mee, meanwhile, founded London-based commodities equity fund Amydos Capital Management after BlueGold Capital liquidated in 2012. Amydos closed up shop in December 2014 after the first extended decline in oil prices precipitated a wave of redemptions. 

Additional details about Westbrook, such as specific investment approach or expected size of the fund at launch, were not immediately available.


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