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The Calgary Herald: New fund will track gas

Herald News Services
Published: Monday, October 15, 2007

Natural Gas – Auspice Capital Management, a hedge fund firm started by former Royal Dutch Shell Plc energy traders Tim Pickering and Ken Corner, will start an exchange traded fund that tracks North American natural gas prices, SparkSpread reported, citing the fund’s documents.

Auspice is starting the exchange traded fund with Claymore Securities Inc. The Claymore Natural Gas Commodity ETF will track natural gas prices in Alberta, the energy news website said Friday, citing documents filed to the Toronto Stock Exchange.

Auspice Capital, based in Calgary, last year started testing the market for an ETF, tracking the spot price of natural gas in Alberta, Sparkspread said.

Prior to founding Auspice Capital, Pickering was the chief North American options trader at Shell Trading.

© The Calgary Herald 2007

http://www.canada.com/calgaryherald/news/calgarybusiness/story.html?id=507d8723-3e39-4df1-a516-adbb1a22bcb1&k=56701

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