Falckon Capital: Another Ospraie Veteran launches a Hedge Fund

August 10th, 2009
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Energy trader Erik Verhaar, formerly of hedge fund manager Ospraie Management LLC, is launching an energy hedge fund under the name Falckon Capital BV in his native Netherlands. Falckon Capital will invest in European commodities.

According to Bloomberg, Mr. Verhaar has much experience in the energy industry, trading for such firms as Cargill, Goldman Sachs, Nuon NV, and Deutsche Bank before joining Ospraie. While at Ospraie, he achieved an impressive 15% return net of fees. Falckon’s team also includes George Roskott, another Ospraie veteran.

Mr. Verhaar’s firm adds to the growing list of hedge funds either founded by or employing Ospraie veterans. Verulam LLC was founded earlier this year by ex-Ospraie portfolio manager Andrew Suckling. Verulam will invest in commodities and commodity related derivatives. Union Avenue Advisors LLC, an emerging markets fund founded by Thomas Grossman, hired Ospraie veteran Carl Schapiro as its Chief Investment Officer.

Despite heavy losses in 2008 that forced it to close down its flagship fund, Ospraie Management recently launched two commodity-focused hedge funds, the Ospraie Equity Fund and Ospraie Commodity Fund.
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For Detailed Investor Profiles on these Investors, click below:
Falckon Capital BV
Ospraie Management
Union Avenue Advisors LLC
Verulam LLC
Related People: Andrew Suckling; Dwight Anderson; Erik Verhaar; George Roskott ; Russell Plackett; Thomas R. Grossman
Related Entities: Falckon Capital; Falckon Capital Partners; Ospraie Fund*; Ospraie Management*; Ospraie Real Return Fund; Ospraie Special Opportunities Fund; Ospraie Wingspan Fund; SkyBridge Capital; Tudor Investment Corporation* Lehman Brothers*; Union Avenue Fund Ltd; Union Avenue Investors LLC; Verulam Capital; Verulam Resources Fund
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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