Formerly | Louis Dreyfus Highbridge Energy LLC (LDH Energy) |
---|---|
Type | Private |
Industry | Commodity |
Founded | 1997 |
Headquarters | , |
Area served | Global |
Products | Energy / Raw materials / Merchant |
Owner | Glenn Dubin Paul Tudor Jones Timothy Barakett |
Number of employees | 650 [2] (2015 [2] ) |
Website | www |
Castleton Commodities International, LLC (CCI) is a privately held global merchant firm that is involved in commodity trading and is active in a wide spectrum of global energy markets. [1] Under the name Louis Dreyfus Energy, the company was formed in 1997 by the Louis Dreyfus Company as a subsidiary to trade energy. [1] By 2006 Louis Dreyfus Energy was ranked as one of the 10 largest natural gas marketers within the United States. [3] The company has worldwide interests covering "the physical delivery of petroleum and natural gas as well as financial interests in energy". [3] Headquartered in Stamford, Connecticut, CCI has offices in Calgary, Canada; Houston, Texas; Geneva, Switzerland; London, United Kingdom; and Singapore. [4]
In 2006 Highbridge Capital Management, a New York based hedge fund, invested as a joint venture in Louis Dreyfus Group to increase their access to and control of energy delivery within trading markets. [3] The joint venture was called Louis Dreyfus Highbridge Energy LLC (LDH Energy). [3]
In October 2012, it was announced that Glenn Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy") from Louis Dreyfus and Highbridge. [5] The reason for Louis Dreyfus to sell LDH Energy was it sought to raise capital to expand its agriculture trading business. [5] The new company was named Castleton Commodities International, LLC where Glenn Dubin as of 2012 is the lead shareholder. [6]
In 2015, Castleton Commodities International acquired Morgan Stanley’s Global Oil Merchanting Business for an undisclosed sum. [7]
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