The closure of Roscommon Analytics’ US natural gas trading business is creating fresh recruitment opportunities across the hedge fund, banking and commodities sectors, with several former members of the team already joining rival firms, according top a report by eFinancial Careers.
Roscommon announced the wind-down of its US gas trading operation earlier this year after losses in the business, prompting an exodus of investment and trading professionals. Since then, at least 11 employees have departed the firm during 2026, with many securing roles at competing hedge funds, banks and energy companies.
Among the latest appointments, former US chief risk officer James Degelia has joined multi-strategy hedge fund Balyasny Asset Management. Samantha Philipp West has moved to Citi as a vice president specialising in power trading, while Paul Matasso has been appointed head of natural gas trading at Marathon Petroleum.
Other former Roscommon employees have joined commodities merchant Trafigura, energy trader Saracen Energy, Castleton Commodities International and Bank of America, reflecting continued demand for experienced power and gas specialists despite the closure of Roscommon’s trading desk.
Squarepoint Capital has also added to its energy trading capabilities by hiring Michael Ciano, who joined Roscommon in 2025 from Hartree Partners to help build its natural gas franchise before moving to the multi-strategy hedge fund earlier this year.
Roscommon’s chief executive Kevin Kelly said earlier this year that the firm remained well capitalised and that the closure of the gas trading operation was being conducted in an orderly manner.
According to its latest regulatory filings, the hedge fund employs 95 staff, including 45 investment professionals, and maintains offices in Houston and New York. However, its workforce has shrunk considerably, with the number of employees listed on LinkedIn falling significantly over the past year.
