Houston-based hedge fund starts trading

The ETG Capital Master Fund, opened to investors on June 1, finally began trading on January 7 after its drive to raise capital was stalled by the US credit crisis.

The cross-commodity energy hedge fund, with between $25 million and $50 million in assets under management, has exposure to the US power, natural gas, crude oil and refined products sectors and uses a wide range of risk management methodology, ranging from correlation and stress testing to specific allocation caps limited at 10% per

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