Brenham Capital Management Announces Strategic Relationship With Aurora Investment Management
CHICAGO--(BUSINESS WIRE)--Brenham Capital Management L.P. (“Brenham”), an energy-focused long/short equity fund manager headquartered in Dallas, and Aurora Investment Management L.L.C. (“Aurora”), a $9 billion Chicago-based alternative investment manager, have entered into a strategic relationship, whereby Aurora has provided early stage capital to investment funds managed by Brenham.
“Brenham’s focused approach in the energy space, especially in E&P companies, presents a unique opportunity for our clients to benefit from Brenham’s investment acumen. We feel that our relationship will catalyze a positive inflection point in their business.”
Brenham Capital Management was founded by John Labanowski in January 2012. Before launching Brenham, Mr. Labanowski spent five years at Walker Smith Capital, most recently as Head of Energy Investments. Prior to that he was an investment banker at Goldman Sachs in the Natural Resources Group and at Deutsche Bank in the Energy Group. Mr. Labanowski said the following about the partnership: “We are excited to enter into a strategic relationship with an experienced hedge fund investor like Aurora. We view this as a transformative event for our business.”
Brenham employs an opportunistic, fundamental approach to the publicly-traded energy sector, with the objective of delivering superior absolute returns to investors while minimizing the risk of permanent loss. Brenham searches for situations in which its view of a company differs materially from the consensus view and in which upcoming catalysts have the potential to validate Brenham’s investment thesis. On the outlook for the strategy, Mr. Labanowski said: “With the emergence of new drilling technologies combined with shifting global demand, the energy industry is undergoing change that we believe will create opportunities for those employing a long and short approach.”
In its more than 25 years of identifying investment talent, Aurora has consistently sought to identify skilled alternative investment managers early in their business cycle, and has been an early stage investor with many successful hedge fund managers. Aurora President and Portfolio Manager Scott Schweighauser commented on the agreement: “Brenham’s focused approach in the energy space, especially in E&P companies, presents a unique opportunity for our clients to benefit from Brenham’s investment acumen. We feel that our relationship will catalyze a positive inflection point in their business.”
Aurora is one of the world’s leading managers of hedge fund portfolios in the alternative investments industry. Since its founding in 1988 with the launch of Aurora Limited Partnership, Aurora has managed hedge fund portfolios, pursuing investment results with a consistent investment philosophy, a commitment to superior due diligence, and a disciplined investment process. Headquartered in Chicago, Aurora manages over $9 billion in assets for institutional clients, including corporate and public pension funds, foundations and endowments, insurance companies, and healthcare organizations. Since 1995, Aurora has provided customized portfolio solutions to clients to help them meet their specific investment objectives. Further information is available at www.AuroraLLC.com.
Brenham is an energy-focused long/short equity manager headquartered in Dallas, Texas. The goal of Brenham is to construct a portfolio of stocks that provides strong risk-adjusted returns in both up and down energy markets. The team employs a rigorous research process and allows only a select group of high conviction ideas into the portfolio. In order to limit commodity-linked risk and volatility, Brenham hedges its long positions with a set of heavily researched short positions.