Hedge Funds

Former Woodbine, D. E. Shaw portfolio managers mull new commodities fund

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Mark Masselink and C.J. Steffen consider launch after leaving Woodbine in spring.

Two recently-departed portfolio managers from ailing Woodbine Capital Advisors are considering the launch of a new commodities fund.

Mark Masselink, previously a portfolio manager at $15 billion Moore Capital Management and $17 billion D. E. Shaw, would team up with longtime colleague C.J. Steffen in the new venture, people familiar with the plans said. The pair were co-portfolio managers of Woodbine’s commodities trading division for less than two years until this spring. They have not been replaced.

Earlier, Masselink was a portfolio manager at Moore between 2005 and 2010, after a decade building up to the same role