Sound Energy CIO Kevin Comcowich leaves to start new energy fund
By Lawrence Delevingne
Wed Dec 21, 2011
Anthony Giammalva’s firm responds with investment team hires and an office consolidation following redemptions and poor performance.
Sound Energy Partners, the energy-focused equity long/short
fund run by Anthony Giammalva and stung this year by
redemptions and losses, is losing its chief investment officer
and two analysts at the end of the year, according to a letter
sent to investors last week.
||Dauvin Peterson joins
Sound Energy from Sursum and SAC
Following negative returns, Greenwich, Conn.-based Sound
Energy fell from around $1 billion at yearend 2010 to
approximately $400 million in assets under management today,
according to a person familiar with the situation. The flagship
fund, Southport Energy Plus Partners, was down about 17%
through September, according to a performance update sent to
ISSN: 2151-1845 / CDC10004H
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