Investec energy team combines equities and commodities to optimise risk/return balance

Fri Mar 26, 2010

Mark Lacey and Jonathan Waghorn, the co-managers of the Investec Global Energy Long/Short Fund, came to specialise in the energy sector via rather different routes.

Mark Lacey and Jonathan Waghorn

Lacey started out as a commodities fund manager at Credit Suisse Asset Management. There he spent six years in the world's major financial centres, while Waghorn began his career as a drilling engineer with Shell International - spending a good part of his three years with the oil major on rigs in the North Sea.

After working as oil and gas analysts at JP Morgan and Wood Mackenzie, the two men came together at Goldman Sachs, where they were joint heads of its top-rated energy research team. They were hired by Investec Asset Management in early 2008 to...

ISSN: 2151-1845 / CDC10004H

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