Reuters – Hedge fund firm Ospraie Management said on Tuesday it added another manager to trade in energy-related stocks at a time when the sector is delivering strong returns.<\/p>\n
New York-based Ospraie, which manages roughly $4 billion in four funds, said Energy Income Partners will be the eighth individual hedge fund to invest money for the $900 million Ospraie Wingspan fund.<\/p>\n
The team of new managers, who all once worked at industry giant Pequot Capital, will focus on energy industry sub-sectors related to pipelines, storage and other infrastructure plus fee-based service providers such as Master Limited Partnerships (MLPs) and Income Trusts, a spokesman for the fund said.<\/p>\n
Ospraie founder Dwight Anderson, who made his name at hedge funds Tudor Investment Corp. and Tiger Management LLC, called Energy Income’s James Murchie one of the best investors in the energy MLP area.<\/p>\n