Touradji Capital Management
Touradji Capital | Hedge Fund Notes
The following piece on Touradji is being published as part of our daily effort to track hedge funds in the industry. To review other hedge fund research notes please see our Hedge Fund Tracker Tool.Resource #1 Touradji Capital Manages approximately $2.0 billion in commodities, commodity-related equities and natural resource private-equity investments
Allocation of approximately $300 million for private investments
Extensive expertise in the energy complex (specifically upstream oil and gas) as well as in other industries such as agricultural, industrial and precious metals, and other natural resource related industries. Investment staff combines focused private/public company analysis and underlying fundamental natural resource based investing. The firm has over 20 professionals focused on both public and private opportunities source
Resource #2 Touradji Capital Management is a hedge fund based in New York City with some $3.5 billion under management. It was founded by Paul Touradji in January, 2005 after his previous venture, Catequil Asset Management, was closed amid a legal dispute. The fund is headquartered at 101 Park Avenue, 48th Floor, New York, NY 10178, USA. Touradji Capital is called a "Tiger Cub", as it is a fund that grew out of Julian Robertson's Tiger Management. source
Resource #3 (1.31.06) Touradji Capital") today announced that Ben Bram will be joining the firm as Head Equity Trader. Mr. Bram will join Touradji Capital in February, after
twenty-one years in Goldman Sachs' equity trading division, where he served as
a Managing Director since 1998.
In this newly created role, Mr. Bram will oversee all equity trading at
Touradji Capital Management.
"We are thrilled to have Ben on board," stated Paul Touradji, Founder and
Managing Partner of Touradji Capital. "With over twenty-one years of
experience at Goldman Sachs, Ben is an industry expert and his unique skills
and knowledge will complement our already strong investment team, particularly
our recent focus on the energy equities market," Mr. Touradji concluded.
"Touradji Capital has done something I have not seen at any other firm,"
stated Mr. Bram. "They have combined a commodities team with an energy
equities team, both of which have proven track records of success. I am
excited to join this experienced and successful team."
Since 1998, Mr. Bram served as a Managing Director, overseeing Goldman
Sachs' equity trading in the consumer and healthcare sectors. Active in a
number of charities in New York, Mr. Bram is on the board of SCO Family of
Services, a New York City Social Services Organization and is the Vice
Chairman of the Governing Body of Family Dynamics, an agency aiding troubled
families in Brooklyn. In 1984, Mr. Bram graduated from Yale College and is
now a Fellow of Calhoun College. source
Resource #4 (12.10.08) Touradji Capital Management LP, the $3.5 billion hedge fund firm founded by Paul Touradji, was sued for $23 million by former employee Gentry Beach over allegations the company withheld bonuses.
Beach alleged Touradji Capital failed to pay him bonuses owed from 2005 to this year, according to a complaint filed yesterday in New York State Supreme Court in Manhattan.
Beach also alleged that Paul Touradji engaged in “extreme and outrageous” conduct that included threats to “kill the plaintiff, harm his family, ruin his marriage and destroy his career in the hedge fund industry.”
An outside spokesman for New York-based Touradji Capital declined to comment when contacted by phone by Bloomberg today. Paul Touradji wasn’t immediately available for comment when contacted by phone at his office in New York.
Touradji, 37, founded his company in 2005. He previously co- founded Catequil Asset Management LP, a $1.6 billion hedge fund that shut down in 2004 after three years. He worked at Julian Robertson’s Tiger Management LLC from 1996 to 2000. source
Resource #5 (2.11.08) Touradji Capital Management, a commodities investment firm, announced that Mark Lyons has joined the firm as a shipping and oil specialist. He will be based in the firm’s newly-established office in Singapore with the aim of further growing the company’s business in Asia. His appointment is effective immediately.
Mr. Lyons will examine shipping opportunities in the futures market, public and private equities as well as trading energy products. Mr. Lyons spent nine years at Chevron, initially as a chemical engineer at the Pembroke refinery specializing in business and planning, then worked as a crude trader at the firm’s London office. After Chevron, Mr. Lyons joined RWE Trading helping to establish RWE as a recognized oil trading group where he specialized in oil arbitrage and FFA trading. In 2004 Mr.Lyons became a Partner at Navig8, a firm that operates across the shipping value chain with its core expertise in oil products. Mr. Lyons graduated from Loughborough University of Technology with a BS in Chemical Engineering. He is a Chartered Chemical Engineer. source
Resource #6 (8.12.08) Touradji Capital Management LP, the $3.5 billion hedge fund firm founded by former Tiger Management LLC trader Paul Touradji, tripled its stake in oil and natural- gas company Petrohawk Energy Group in the second quarter.
Touradji Capital held 3.24 million shares of Houston-based Petrohawk worth $149.87 million as of June 30, according to a filing yesterday with the U.S. Securities and Exchange Commission. The stock accounted for 20 percent of the firm's portfolio in the second quarter.
Petrohawk, which operates a test well in northwestern Louisiana, soared 130 percent in the quarter. Touradji Capital also bought 1.59 million shares worth $58.67 million of EXCO Resources Inc., a Dallas-based oil and natural-gas producer. The stock doubled in the second quarter.
Touradji, 36, started Touradji Capital in New York in 2005 and has since returned an annualized 31.4 percent. The firm trades commodities including oil, copper and coffee as well as shares of natural-resource companies. Its main fund gained 6.5 percent in July, cutting its loss to 5 percent in 2008.
Energy stocks accounted for 92 percent of the holdings filed by Touradji Capital to the SEC. Other additions in the quarter included a $56.4 million stake in Denver-based Colorado- based energy company St. Mary Land & Exploration and shares of Helmerich & Payne Inc., a provider of contract drilling of oil and gas wells in the Gulf of Mexico and South America. source
Resource #7 (7.10.08) Paul Touradji, the commodities trader who warned the market may collapse, posted a 9.4 percent loss in his main hedge fund last month as energy, food and metals prices rallied, said two investors with knowledge of the matter.
The decline left the $2.5 billion Global Resources Fund down 11.9 percent in the first half of the year, said the investors, who declined to be identified because the performance numbers are private. Touradji, whose New York-based Touradji Capital Management LP oversees $3.5 billion, declined to comment. source
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