Madava Asset Management Nabs Soylemez For Senior Portfolio Management Role

Aug 25 2017 | 8:41pm ET

Madava Asset Management has reportedly hired former JP Morgan Chase executive and commodity industry veteran Nedim Soylemez as a senior portfolio manager to trade a range of commodities at the firm.

Madava, which was renamed from Blackstone-backed Taylor Woods in February when co-founder Beau Taylor split from fellow founder Trevor Woods, trades primarily energy-related commodities like natural gas and oil. The firm managed some $800 million in assets as of December 31, 2016.

News of Soylemez’s hire was first reported by Reuters on Thursday, citing an unidentified person familiar with the matter. Before joining Madava, Soylemez led JPMorgan Chase’s global natural gas trading business within the bank’s global commodities division. He has 17 years of experience trading commodities, Reuters said. 

In his new role, Soylemez will work directly with Taylor, who is the firm’s CIO, in trading positions for Madava’s flagship Energy Commodity Fund. It also has a credit-oriented strategy, named the Madava Energy Credit Fund, which launched following the rebranding. 

In March, Madava also picked up top Morgan Stanley energy analyst Adam Longson as its new head of research. The company is based in Greenwich, CT.

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