Ex-Ospraie Traders Start Falckon Hedge Fund to Bet on Energy –

Bloomberg – Erik Verhaar, a former energy trader at Ospraie Management LLC and Deutsche Bank AG, started a hedge fund this week in the Netherlands as investors are returning to commodities.

His new Falckon Capital BV bets on U.K. natural gas and European power, emissions, coal and oil and has attracted one investor so far, Verhaar said yesterday in an interview.

Verhaar, 46, started at Cargill Inc. in 1987 as a cocoa trader and worked for Goldman Sachs Inc. and Nuon NV before joining Deutsche Bank in London in 2000, advancing to managing director for gas and power. He joined Ospraie’s biggest commodities fund in March 2008, six months before it closed in September last year. Verhaar’s energy investments at Ospraie gained 15 percent net of fees while he was there, he said.

Read Complete Article

About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.