Castleton Commodities International
| Formerly | Louis Dreyfus Highbridge Energy LLC (LDH Energy) |
|---|---|
| Company type | Private |
| Industry | Commodity |
| Founded | 1997 |
| Headquarters | , |
Area served | Global |
| Products | Energy / Raw materials / Merchant |
| Owner | Glenn Dubin Paul Tudor Jones Timothy Barakett |
Number of employees | 650[2] (2015[2]) |
| Website | www |
Castleton Commodities International, LLC (CCI) is a privately held global merchant firm that is involved in commodity trading and is active in a wide spectrum of global energy markets.[1] Under the name Louis Dreyfus Energy, the company was formed in 1997 by the Louis Dreyfus Company as a subsidiary to trade energy.[1] By 2006 Louis Dreyfus Energy was ranked as one of the 10 largest natural gas marketers within the United States.[3] The company has worldwide interests covering "the physical delivery of petroleum and natural gas as well as financial interests in energy".[3] Headquartered in Stamford, Connecticut, CCI has offices in Calgary, Canada; Houston, Texas; Geneva, Switzerland; London, United Kingdom; Montevideo, Uruguay; Singapore; and Shanghai, China.[4]
In 2006 Highbridge Capital Management, a New York based hedge fund, invested as a joint venture in Louis Dreyfus Group to increase their access to and control of energy delivery within trading markets.[3] The joint venture was called Louis Dreyfus Highbridge Energy LLC (LDH Energy).[3]
In October 2012, it was announced that Glenn Dubin, Paul Tudor Jones and Timothy Barakett were among a group of investors buying the merchant energy operation Louis Dreyfus Highbridge Energy ("LDH Energy") from Louis Dreyfus and Highbridge.[5] The reason for Louis Dreyfus to sell LDH Energy was it sought to raise capital to expand its agriculture trading business.[5] The new company was named Castleton Commodities International, LLC where Glenn Dubin as of 2012 is the lead shareholder.[6]
In 2015, Castleton Commodities International acquired Morgan Stanley’s Global Oil Merchanting Business for an undisclosed sum.[7]
References
- ^ a b c Mason, Josephine; Craft, Diane (11 May 2015). "TIMELINE-Castleton: From Louis Dreyfus energy arm to commodities powerhouse". No. Fund News. New York, N.Y., United States: Reuters. Thompson Reuters. Retrieved 1 September 2019.
- ^ a b Sanderson, Henry; Meyer, Gregory (20 March 2015). "Castleton Hires Sellars for Metals Push". No. Industrial Metals. London: Financial Times. Nikkei. Retrieved 30 August 2019.
- ^ a b c d Sorkinjan, Andrew (8 January 2007). "Highbridge Hedge Fund Buys Stake in Louis Dreyfus Energy Business". No. Business Day. New York, N.Y., United States: New York Times. The New York Times Company. p. C2. Retrieved 29 August 2019.
- ^ "Global Presence | CCI". www.cci.com. Retrieved 2019-10-30.
- ^ a b "Louis Dreyfus and JPMorgan to Sell Energy Trading Venture". No. DealBook. New York Times. The New York Times Company. 4 October 2012. Retrieved 29 August 2019.
- ^ McCrum, Dan; Blas, Javier (3 October 2012). "Louis Dreyfus to sell energy trader". New York, N.Y., United States: Financial Times. Nikkei. Retrieved 29 August 2019.
- ^ "Morgan Stanley Completes Sale of Global Oil Merchanting Business to Castleton Commodities International LLC". Morgan Stanley. Retrieved 2019-10-30.