Credit Suisse Group’s former global head of oil Kieran McKenna has set up a hedge fund that will receive money from outside investors next month, Bloomberg reports. The Mastic Commodity Fund will commence trading oil and energy products this month using the partners’ capital. McKenna’s partners in Mastic Investment are John Thompson and Erik Serrano Berntsen.

The fund by McKenna’s new company Mastic Investment Advisory will make wide use of options and has a relative-value biased strategy that intends to profit by aiming at price differences between different commodities or different grades of the same commodity, or differences between maturity dates for the same commodity. It is based in Zug, Switzerland.

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