Former SocGen Energy Trader Preps Maiden Hedge Fund

May 9 2008 | 5:14am ET

John McPherson, a former energy trader for Société Générale, has formed Sequoia Financial Advisory Services, a Portland, Ore.-based commodity trading adviser, and is prepping an energy hedge fund that will launch later this year.
 
The new vehicle, the Homestake Trading Fund, will trade exotic energy options and spreads in crude oil, natural gas, gasoline and heating oil. It will initially start trading with $25 million and is scalable up to $1.5 billion.

The firm has hired AUM Advisory to help raise funds for the new vehicle, and AUM is making the rounds with family offices and funds of hedge funds to drum up support.
 
“Since leaving SocGen, I've traded for my own account and finished research culminating in the creation of three systematic trading programs, a blend of which is available for investment as the Commodity Multi-System Program,” said McPherson, explaining that it is a systematic futures and futures options trading program that launched last December.
 
McPherson has assembled a team, which includes a senior proprietary options trader from a well-known investment bank in London who will join the firm in July, a chief operating officer, an analyst, and a third senior energy options trader who will join the firm soon after the fund launches.


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

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.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.