Fund launches & closures Hedge Funds People moves Performance

Sound Energy CIO Kevin Comcowich leaves to start new energy fund

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Anthony Giammalva’s firm responds with investment team hires and an office consolidation following redemptions and poor performance.

  
 Dauvin Peterson joins Sound Energy from Sursum and SAC
(Photo: Inforum)
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.

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