Statar Capital

Last updated
Statar Capital
Industry Finance
FoundedSeptember 2018
FounderRon Ozer
Headquarters
Miami
,
United States
Products Investment management
AUM $3.5 billion (2023)
Website www.statarcapital.com

Statar Capital is a Miami-based American macro investment management firm founded in 2018 by Ron Ozer. The firm focuses on directional and relative-value trades, with an emphasis on natural gas commodities.

History

Statar Capital was formed in September 2018 by American investor and asset manager Ron Ozer, a former Citadel portfolio manager who had specialized in natural gas commodities. The firm launched with approximately $140 million in capital raised, primarily from family offices and institutional clients. [1] Between September 2018 and December 2019, the firm gained 42% in value and grew to over $410 million in assets under management as one of the few remaining natural gas-focused hedge funds in the United States. [2]

By the end of 2020, Statar reportedly managed over $1.2 billion in assets. [3] The following year, the firm was able to leverage natural gas market volatility to profit over $400 million, increasing its value to over $2 billion. [4]

In May 2022, Bloomberg reported the value of Statar’s managed assets as having risen to $2.8 billion, reflecting 332% net returns since its launch. [5] As of July 2023, the firm reported an AUM of nearly $3.5 billion. [6]

Related Research Articles

A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.

<span class="mw-page-title-main">Soros Fund Management</span> Private investment firm

Soros Fund Management, LLC is a private American investment management firm. It is currently structured as a family office, but formerly as a hedge fund. The firm was founded in 1970 by George Soros and, in 2010, was reported to be one of the most profitable firms in the hedge fund industry, averaging a 20% annual rate of return over four decades. It is headquartered at 250 West 55th Street in New York. As of 2023, Soros Fund Management, LLC had $25 billion in AUM.

<span class="mw-page-title-main">Citadel LLC</span> American hedge fund and financial services provider

Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $62 billion in assets under management as of December 2022. The company has over 2,600 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is the most successful hedge fund of all time, posting $65.9 billion in net gains since inception in 1990.

Brian Hunter is a Canadian former natural gas trader for the now closed Amaranth Advisors hedge fund. Amaranth had over $9 billion in assets but collapsed in 2006 after Hunter's gamble on natural gas futures market went bad.

<span class="mw-page-title-main">Liongate Capital Management</span>

Liongate Capital Management was a global investment management firm, focused on creating and managing fund of hedge fund investments for institutional and private investors. Liongate, founded in 2003 by Jeff Holland, Ben Funk and Randall Dillard, managed a range of funds of hedge funds in both commingled funds and tailored, single client portfolios. The firm, which at it peak managed over USD 3 billion with an additional USD 4 billion in assets under advisory, had a global reach with offices in London, New York, Zurich, Dubai, Malta and Mumbai. The Liongate partners sold the firm to Principal Financial Group in 2013 as the large US insurer and asset manager wanted a hedge fund research platform in order to quickly ramp up retail hedge fund distribution in the US.

<span class="mw-page-title-main">Farallon Capital</span> American investment management firm

Farallon Capital Management, L.L.C. is an American multi-strategy hedge fund headquartered in San Francisco, California. Founded by Tom Steyer in 1986, the firm employs approximately 230 professionals in eight countries around the world.

<span class="mw-page-title-main">Sculptor Capital Management</span> American investment management firm

Sculptor Capital Management is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world. The firm operates multiple investment strategies, including multi-strategy, credit and real estate. It has nearly 400 employees worldwide including offices in New York City, London, Hong Kong, Mumbai, and Shanghai.

Brevan Howard is a European hedge fund management company based in Jersey with its funds domiciled in the Cayman Islands. Brevan Howard was founded in 2002 by Alan Howard, alongside four other co-founders including Chris Rokos, and is widely considered to be one of the top global macro hedge funds.

Moore Capital Management, LP (MCM) is a global investment management firm headquartered in New York, New York. In September 2018, MCM had $10.2 billion in total assets under management.

<span class="mw-page-title-main">Winton Group</span>

Winton Group, Ltd is a British investment management firm founded by David Harding. In the United States, Winton is registered with the Securities and Exchange Commission as an investment advisor and with the Commodity Futures Trading Commission as a CTA, and is authorised by the Financial Conduct Authority in the UK. The company trades on more than 100 global futures markets in a wide variety of asset classes and on global equity markets. The firm was launched with $1.6 million in 1997, reached a peak of $28.5 billion in assets under advisement, before dropping to $7.3 billion by late 2020. Winton Group has six offices around the world: London, New York, Hong Kong, Shanghai, Sydney, and Abu Dhabi.

Pierre Andurand is a French businessman and hedge fund manager. His funds have approximately $2bn in assets under management and have produced cumulative returns of between 900-1300% for investors since 2008. He is also the majority shareholder of the international kickboxing league Glory.

BlueCrest Capital Management is a British-American hedge fund which was founded by British billionaire Michael Platt and American William Reeves in 2000. The New York City-based company has registered offices in Geneva, Singapore, and elsewhere. BlueCrest Capital Management is Europe’s third-biggest hedge-fund firm, managing over £30 billion. The firm's employees are estimated to number 600.

<span class="mw-page-title-main">Millennium Management, LLC</span> American hedge fund

Millennium Management is an investment management firm with a multistrategy hedge fund offering. In 2023, it was one of the world's largest alternative asset management firms with over $58.9 billion assets under management as of June 2023. The firm operates in America, Europe and Asia. As of 2022, Millennium had posted the fourth highest net gains of any hedge fund since its inception in 1989.

<span class="mw-page-title-main">Quantedge</span>

Quantedge Capital is an alternative investment asset manager based in Singapore and New York City. It manages over US$2 billion under its flagship Quantedge Global Fund primarily on behalf of high-net-worth individuals, family offices and institutions.

Ospraie Management, LLC is a New York City-based investment management firm that invests in commodities and basic industries worldwide across public and private markets. The company, through its venture arm, makes agriculture-focused investments that seek to reduce environmental impact.

Mudrick Capital Management is an investment firm specializing in special situations and event driven investing. The firm was founded by Jason Mudrick, its current Chief Investment Officer, in 2009. The firm is located in New York City and, as of June 2022, managed approximately $3.3 billion in assets.

<span class="mw-page-title-main">Melvin Capital</span> American investment management firm

Melvin Capital Management LP was an American investment management firm based in New York City. It was founded in 2014 by Gabriel Plotkin, who named the firm after his late grandfather.

Visium Asset Management LP was an American multi-strategy hedge fund. It began as a healthcare-focused hedge fund, founded in 2005 by Jacob Gottlieb. Visium controlled investment funds with about $8 billion of assets under management and had 170 employees at its peak in 2016. That year, three of the company's traders were indicted by United States federal authorities for securities fraud. One of the accused employees killed himself days after he was indicted. Visium subsequently liquidated several of its funds and wound down operations.

<span class="mw-page-title-main">PAG (investment firm)</span> Asian investment firm

PAG is an Asian investment firm that manages multiple asset classes, including private equity, private debt, real estate and hedge funds. It is considered one of the largest private investment firms in Asia.

Tiger Global Management, LLC is an American investment firm founded by Chase Coleman III, a former Tiger Management employee under Julian Robertson, in March 2001. It mainly focuses on internet, software, consumer, and financial technology companies.

References

  1. "Ex-Citadel natural gas investor opens new hedge fund". Reuters. 1 October 2018.
  2. "Natural gas hedge fund Statar Capital up 30% this year: source". Reuters. 16 December 2019.
  3. "This Ex-Citadel and D.E. Shaw Pro's Fund Is Growing Like Crazy". Institutional Investor. 7 December 2020.
  4. "US hedge fund makes $400m from natural gas price volatility". OGV Energy. 11 August 2022.
  5. "Statar Capital Bets on Power as Natural Gas Drives 18% Return". Bloomberg. 4 May 2022.
  6. "Statar Capital LLC - Natural Gas Strategy". Autumn Gold. 30 July 2023.