Svea Herbst-Bayliss BOSTON (Reuters) - An investor who previously helped oversee U.S. natural gas trading at Citadel has set up his own hedge fund, a person familiar with the plans said on Monday. Ron Ozer, who worked as a portfolio manager and co-head of U.S. natural gas trading at Citadel, has launched Statar Capital LLC to focus on natural gas trades. He worked at Citadel, which currently manages $30 billion, from July 2015 to April 2017. Ozer’s New York-based fund has raised roughly $140 million in assets from family offices and institutional clients, the person who was not authorized to speak publicly about the private fund’s plans said. A spokesman for Statar declined to comment. Statar is starting to trade at a time the United States is awash in natural gas and prices are not expected to rise any time soon. Other energy trading funds have closed this year amid shrinking profits and market volatility, including Houston-based Velite Capital, which was once one of the most-profitable U.S. natural gas trading shops but began winding down operations two months ago. Many commodities-focused hedge funds lost out on trades in energy betting on higher prices in February, a report from industry tracker Eurekahedge showed. More intense regulation on trading, fueled in part of Dodd-Frank legislation, has also prompted many funds to pull capital from physical commodity market trading. Ozer began his career on Wall Street as a natural gas trader at hedge fund DE Shaw where he worked from 2008 to 2014. Terrence Brennan joined Ozer as Statar’s chief operating officer from Trajectoire Capital Group where he was also chief operating officer. Hedge fund industry returns have been muted over the last years prompting some big investors to turn their backs on these portfolios. Data from Hedge Fund Research shows that fewer hedge funds were launched in the second quarter of 2018 than a year ago, marking the lowest number of quarterly launches since shortly after the financial crisis in the first quarter of 2009. But data also suggest that fewer hedge funds are going out of business this year than in past years when the number of liquidations outpaced the number of launches. https://www.reuters.com/article/us-...s-investor-opens-new-hedge-fund-idUSKCN1MB3YG
My hedge-fund boyfriend tried to bribe me to get an abortion: suit By Kathianne Boniello December 11, 2016 | 7:12am | Updated Modal Trigger Ron Ozer and Elmire Naymark Facebook A hedge-funder tried to fend off fatherhood by offering his model girlfriend $75,000 to abort their child, according to a lawsuit. Elmira Naymark, 32, a lithe, leggy brunette, met Ron Ozer through mutual friends in 2013 and the pair quickly hit it off, traveling the world during a 2¹/₂-year courtship. Ozer, 29, a portfolio manager for Citadel who specializes in making multimillion-dollar natural-gas deals, even introduced Naymark to his parents, gave her diamond earrings and whisked her off to Miami for New Year’s. Of marriage, he would coyly offer, “One day, I will surprise you,” Naymark says in court papers. But when she told her lover in January that she was pregnant, Ozer grew cold, ordering her to “call the clinic” and “take a pill,” she claims. When she said she was keeping the baby, he seethed, “I f–king hate you,” calling her “white trash” and “disgusting,” according to a Manhattan Supreme Court lawsuit Naymark filed last week against Ozer. Ozer, a Massachusetts Institute of Technology grad who owns a $2 million West Village pad in a building where Robert De Niro once lived, swore he would deny the child was his, court papers say. Then he had a colleague offer Naymark a pile of cash for her to end the pregnancy, even suggesting she could use the money to freeze her eggs and have fertility treatments later “with the support network of a husband,” according to court papers. “He wants to help you out and take care of this,” the friend allegedly texted Naymark. “This isn’t the only chance for you to have children. You don’t have to force this and do it alone. “He’d be willing to offer a lump sum of money to you . . . I’m sure he would have no problem with 50k-75,000+.” Naymark gave birth to a girl in September. She claims Ozer hasn’t given her a dime — despite doing $60 million in a single business deal last year — forcing her to go on Medicaid and food stamps. The young mother, who briefly worked as a Manhattan leasing agent, says she is trying to get her real-estate license and relies on her mother for child care. She is asking a judge to force Ozer to fund a lifestyle for his daughter “proportionate with [his] vast wealth and income,” according to court papers. In addition to child support, Naymark is seeking a paternity test, full custody of the girl, health insurance for the baby, funding for private schools and summer camps, and a $5 million life-insurance policy listing herself and their daughter as beneficiaries. A lawyer for Ozer did not respond to a request for comment. https://nypost.com/2016/12/11/my-hedge-fund-boyfriend-tried-to-bribe-me-to-get-an-abortion-suit/