Nov. 10 (Bloomberg) — Jeff Shankman, the former chief operating officer of global markets at Enron Corp., plans to raise as much as $250 million in the next six months for an energy hedge fund, according to two investors who received marketing documents on the proposal.
Trident Asset Management, based in Dallas, was founded this year by Shankman and Andy Weathers, a former trader at CenterPoint Energy Inc., and will start trading this month, said the investors, who declined to be identified because details are still confidential. Shankman didn’t return messages left requesting comment. Weathers declined to comment.
A four-year rally in prices for raw materials has spurred investment in commodity-trading hedge funds, which oversee $22.5 billion globally, up from $12 billion a year ago, according to London-based NewFinance Capital LLP, which invests in such funds.
