{"id":5506,"date":"2007-01-08T00:00:00","date_gmt":"2007-01-08T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-buys-access-to-enegy-trading-and-delivery","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/01\/2007\/hedge-fund-buys-access-to-enegy-trading-and-delivery.html","title":{"rendered":"Hedge Fund buys Access to Energy Trading and Delivery"},"content":{"rendered":"<p><span class=\"copy\">HedgeCo.Net (New York) &#8211;<\/span> Highbridge Capital Management, a $17 billion hedge fund is reported to have taken a $1 billion equity stake in the energy business of Louis DreyfusGroup, the old-line commodities trading firm, in a deal worth about<\/p>\n<p>  Highbridge Capital, which is majority owned by JPMorgan Chase, said it invested in Louis Dreyfus to gain more access to energy delivery and trading markets on its own. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe saw this as a real  opportunity that is uncorrelated to everything else we\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re doing,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d said Glenn Dubin, managing partner of the hedge fund. He explained that he had considered trying to get the hedge fund into the  energy trading business more heavily on its own, but concluded, \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cthere was no way we could do this by ourselves.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p>  Highbridge and Dreyfus will jointly manage the venture, which will be called Louis Dreyfus Highbridge Energy and maintain its headquarters in Wilton, Conn. Before the Highbridge investment, Louis  Dreyfus Energy was one of the 10 largest natural gas marketers in the United States and had worldwide interests in both the physical delivery of petroleum and natural gas as well as financial  interests in energy.<\/p>\n<p>  JPMorgan Chase bought its stake in Highbridge in 2004 to gain exposure to the fast-growing hedge fund sector. The deal proved to be well-timed, as pension funds and other institutions continued to  pour billions in to hedge funds, including Highbridge.<\/p>\n<p align=\"left\">  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a>   <\/p>\n<div align=\"left\">\n<p align=\"left\">    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<div align=\"left\">\n<p align=\"left\">      <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=      \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>    <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; Highbridge Capital Management, a $17 billion hedge fund is reported to have taken a $1 billion equity stake in the energy business of Louis DreyfusGroup, the old-line commodities trading firm, in a deal worth about Highbridge [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5506","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5506"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5506\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}