Bloomberg – Andrew Serotta, the Vitol Group oil trader who left last year as the firm scaled back its derivatives business, said he plans to start a $100 million hedge fund called Logista Capital to trade in crude futures.
The fund will employ four other people and start in either August or September, Serotta, 38, said. It will trade options as well as the difference between two futures contracts, known as spreads. He has raised about 25 percent of the $100 million and will contribute a portion of the capital himself.
