LMR Partners Adds US Oil Strategy in Commodities Push
- Firm has hired portfolio managers from Goldman Sachs, Vitol
- Commodities trading has surged amid Russia’s war in Ukraine
Photographer: Frederic J. Brown/AFP/Getty Images
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Hedge fund LMR Partners added a US-based oil strategy earlier this year and has been bolstering its commodities team to profit from the increasingly popular business, according to an investor letter seen by Bloomberg.
The multi-strategy firm recently hired Mike Severo, who formerly traded oil, exotics and commodity index options at Goldman Sachs Group Inc., according to people familiar with the matter. London-based LMR also tapped former Vitol oil-derivatives trader Jordan Valer as a portfolio manager, according to the people and LinkedIn. Representatives for LMR didn’t respond to requests for comment.