Houston Firm Launches Commodity-Only Energy Fund

Nov 17 2006 | 12:28pm ET

Houston-based Trident Asset Management’s new energy fund is aiming to fill the space left by some of the troubled shops, with a fundamental relative-value commodity-only offering, the Trident Asset Master Fund, the firm’s first.

“I would say most energy funds have had a good year,” said CEO Jeff Shankman, the former chief operating officer of global markets at Enron Corp. “There’s a lot of demand for sophisticated risk managers in the energy space,” in spite of the troubles.

Shankman declined to reveal the asset level in the Trident fund, though Bloomberg News reports that he plans to raise up to $250 million over the next six months. The fund launched Wednesday and is run by portfolio manager Andy Weathers, a former energy trader at Houston electricity distributor CenterPoint Energy. Investors include both institutions and high-net worth individuals.

Shankman says the Trident fund will invest across an array of energy commodities, and isn’t concerned about short-term volatility, exemplified by this summer’s brutal natural gas market.

“We’re looking at the long-term, and we don’t expect to be hugely volatile over the long-term,” he said.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

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

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.