Monday, 22 December 2014
Last updated 5 hours ago
Feb 19 2008 | 12:00am ET
New York commodities hedge fund shop Juno Mother Earth Asset Management has lost co-founder Joseph Di Virgilio, who is setting up a new hedge fund firm.
Di Virgilio has set up Vertus Capital Partners alongside Craig and Dermot Coughlan. He will serve as chief investment officer of the New York-based long/short equity firm, and will manage its first offering, the Vertus Sustineo Fund.
At Juno Mother Earth, Di Virgilio managed an equity portfolio. He indicated his departure from Juno was in part due to his discomfort with the state of the commodities market.
Sustineo will invest in alternative energy, water, food and agriculture stocks, with no commodities exposure. The fund, in which Vertus expects to raise $100 million by the end of the year, is designed to keep risk and volatility to a minimum.
Goldman Sachs serves as the new fund’s prime broker, with Concept Capital handling administration duties.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.