Magnus Fyhr, a former senior oil service and shipping analyst at Jefferies & Co., has left the firm to try his hand at his own hedge fund. The firm Fyhr founded, Aquanaut Capital Management, has recently launched its first fund, Aquanaut Master Fund.
The new long/short equity fund focuses primarily on energy and shipping. Fyhr believes that further recovery in oil service equities in the fourth quarter will provide more opportunities as investors get more comfortable with the outlook for oil and natural gas prices.
Fyhr has spent the last eight years at Jefferies, where he specialized in