Boone Pickens

Hedge fund manager
"I have made more money since I've turned seventy"
 T. Boone Pickens
BP Capital Management - first hedge fund started in 1997.

Management team includes Dick Grant, Ronald Bassett, Robert Stillwell;
traders Michael Ross and David Meaney;
equity analysts Alex Szewczyk and Brian Bradshaw.

Commodity hedge fund - fundamental directional trading in oil & gas futures, and options structures.
Energy stock hedge fund - 90% in stocks (long/short), 10% in commodities.
Management fee 1.75%, bonus 30% of any profit.
$4.3 billion under management, including $1.6 billion Boone Picken's personal fortune [2007].

Boone Pickens graduated from Oklahoma State University in 1951 and started his career in the oil business as a geologist for Philips Petroleum.
He founded his first company Mesa in 1956.
The commodity fund BP Capital Management was started in 1997 (Dallas), initial capital $34 million (including $9M of T.B.Pickens own).
Energy stock hedge fund started in 2001, average returns 38% [mid-2007].

motto: "You don't let any position get your dress over your head"

References

 Hedge Hunters
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