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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...