Former I-Banker Launches Metals, Energy-Focused CTA

Nov 29 2006 | 1:40pm ET

Corona Del Mar, Calif.-based Energy and Precious Metals Capital recently launched its unnamed precious metals and energy program with some $9 million in assets under management. In its first two months of trading the program is up 16.0% and is currently managing approximately $12 million in assets.

Founder William Stephens attributes the program’s solid performance to the oil and gold sectors. This month, Stephens says the program is down an estimated 4%. Going forward, he is generally bullish on the commodities sector.

“I think we’re going to see strong demand for commodities in general coming out of Asia with weaker supply out of the Middle East over time that drives energy prices higher, and we’ll continue to see precious metals reflect that as well,” he said.

The program charges fees of 2/20 with a $100,000 minimum investment requirement.

Prior to founding the firm, Stephens served as a securities analyst in the equity investment department of American National Insurance Company as well as Rauscher Pierce Refsnes and The Robinson Humphrey Investment Bank and Brokerage firm. More recently, he held vice president positions for George K. Baum & Co, an investment bank that focuses on municipal bonds and equity capital markets.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note