Round Earth’s Dorea Buys Partner Whelahan’s Stake in Hedge FundIsis Almeida
Marcelo Dorea, founding partner of Round Earth Capital Management LP, took full control of the New York-based hedge fund after buying his partner’s stake.
The transfer of Carl Whelahan’s share in Round Earth, which trades sugar, cocoa and coffee, was completed Dec. 31, Dorea said today in a letter to investors. Mike Geller, an external spokesman at Edelman for Whelahan, declined to comment on his departure.
“We wish to recognize Carl’s valuable contributions to Round Earth and wish him well in his future endeavors,” Dorea said in the letter. He declined to comment on the fund’s assets under management or performance when contacted today by Bloomberg News.
Dorea, who began his career with Philipp Brothers in London and also worked at Goldman Sachs Group Inc.’s J Aron unit, founded Round Earth with Whelahan and John Kilduff in 2009 to trade agriculture and energy. Kilduff left in 2010 and founded energy and metals fund Again Capital LLC.