Top Energy Hedge Funds?
I'm a rising junior looking at working at a hedge fund in the energy space ideally next summer, but also long term - I'm trying to assemble a list of top funds (or teams of larger funds) in the space - can anyone recommend any to check out?
(There are a few threads on WSO about this, but I've found a lot of those listed have shuttered with the recent oil price changes)
Here's what I have so far - happy to hear comments about these funds if you know anyone working at them. Precocity Capital CMDTY Capital Management Point72 Energy Passport Capital Energy Millennium (more of commodities)
Bump on this, interested in hearing about any of the funds in the industry.
kayne and tortoise are both top notch AMs in the space. although not HFs, they are top shareholders of many large energy names and actively participate
Citadel has 3 Surveyor had 7? Still has a few Encompass SIR
Thanks for the additions! Any way I can figure out more about the individual breakdown/PMs of Citadel/Surveyor's funds?
(I'm looking for people to reach out to, ideally alumni, to learn more about the field/opportunities, but can't find much about the breakdowns online.)
Surveyor just replaced a large number of people on their team so not sure who is running that book now
Anchor Bolt and Magnetar in Chicago both run energy funds
Just note that a lot of these shops don't have structured recruiting and typically pick guys up on an ad hoc basis. And secondly they rarely hire recent graduates in favor of folks with commercial/logistics experience for the physicals shops and with energy oriented finance experience for the paper shops. Not impossible to do, but important to be noted.
Quoting to reinforce point.
If you were looking outside of energy, I'd say you have a far greater shot as many funds are beginning to develop their talent from scratch (note Point72s latest projects). In energy though, it's the opposite, they prefer picking up guys that built some experience in the physical space in various roles. Shouldn't be a surprise, why wouldn't they? And that's on top of the energy biz being far more contacts based than anything else I've seen (of which you have none, to be clear).
A lot of energy guys have oil experience with some sort of finance.
Someone with 5-10 years at exxon is worth a lot more than any finance person w/o energy experience. The oil industry is complex and very niche due to the way it developed over the years.
Wait, where do you have this confidence that as a sophomore, a energy Hedge Fund will let you work for them when they have much more viable options? I'm not trying to sound pessimistic, but I think you're jumping the gun unless you have some war chest that can make your resume stand out. Regardless, slow it down a notch.
However, it is awesome you are taking the time to research and pan out your future prospects. It just felt odd you seem sure of working for a hedge fund as a green undergrad.
Definitely didn't mean to come off as cocky, but I go to one of H/W and have seen many sophomores get HF jobs - while they're generally at generalist funds, I know of at least one person who interned at REDACTED the summer after sophomore year. Otherwise I feel I'm pretty well set, but it's still always a gamble.
That's also my mentality - I feel that even in the scenario that I end up not getting a hedge fund job, I'll have had conversations with some really interesting and successful people which seems fun in and of itself, but could also help me down the road. Nice to keep my options open anyhow, and I'm still networking for the more traditional sophomore opportunities.
That's a good way to look at it. good luck
Jumping in here to correct you - originally thought the same thing as you but I've met some people who have interned at energy HFs/PEs in sophomore year. Only exposure is from people who are in clubs I was in or networked with me but proof below:
Edit: PM me if you're interested
Are all of these going to be located in NY/SF, or will any be closer to the energy companies in Texas?
Happy to share...pm me if interested
Which city are you based in?
Magnetar has a huge energy presence. Carlson in Dallas is very good too
Amet harum eos eum reprehenderit at et vel rerum. Quia qui architecto non et labore. Itaque et maxime iusto non et laudantium. Recusandae vero inventore eligendi nihil voluptates libero. A vero illo consequatur repellat autem. Error deserunt reprehenderit sit sequi. Non odit enim libero sapiente consequatur.
Et cupiditate sunt eum dolor aspernatur veritatis. Vel velit odio ut placeat enim. Earum omnis dicta dicta repudiandae quia dolores nisi. In minus voluptatem qui libero odio. Numquam exercitationem reiciendis aut voluptatem voluptatum.
Qui rerum et fugiat est facilis. Aspernatur et illum enim voluptatum accusamus. Veritatis totam repudiandae libero possimus. Animi quas sit pariatur quam itaque. Ex dolore reprehenderit nemo harum eos similique. Beatae doloremque est consectetur.
Et veritatis sed quo rerum recusandae. Dolores ducimus ut sed debitis laudantium. Modi optio et numquam eos nihil. Iure porro cupiditate est dolores itaque officia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...