UBS Commodities Chief Joins New Hedge Fund

May 28 2008 | 2:00am ET

UBS’ top commodities executive is leaving the firm to join a new hedge fund.

Hunter Shively, global co-head of commodities at UBS for the past seven months, is going to Sasco Energy Partners, founded by Todd Esse, Shivley’s one-time colleague at Enron Corp.

Westport, Conn.-based Sasco hopes to raise $750 million for an energy futures fund.

Shively will remain at UBS for two months before handing the reins to co-head Todd Morakis.

Prior to joining UBS, Shively helped build Enron’s natural gas trading program. In 2004, the year he joined UBS, he settled Commodity Futures Trading Commission charges of price manipulation.

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