ETG Capital opens energy hedge fund

Houston-based hedge fund firm ETG Capital Management has launched an energy fund. The ETG Capital Master Fund opened to investors on June 1 and will begin trading after it has raised between $25 million and $50 million, says co-founder Don Addison.

ETG, itself formed four months ago, plans to raise as much as $500 million in the next three years for the energy fund, which will establish forward positions in natural gas, crude oil and power markets in the US and Europe. Addison notes that the fund

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