Equities Fund Brenham Capital To Shut As Energy Stocks Plunge

Brenham Capital Management LP, an energy equities fund manager with about $800 million in assets under management, will shut after two years of losses, its founder said in a letter to investors Nov. 30. The Dallas-based fund will be liquidated and investor capital will be returned at the end of the year, according to the letter which was reviewed by Reuters. While oil prices rallied to near four-year highs in October, those gains have not extended to energy equities, hurting firms such as Brenham. The Russell 2000 Energy index is down more than 20% this year after falling 17% in 2017.

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