HITE Hedge Asset Management (HITE Hedge) a USD670 million, alpha-focused investment firm specialising in the energy sector and its transition, has appointed industry veteran Howard B Rubin, CFA as its Chief Operating Officer.
Rubin has a successful multi-decade track record of managing institutional infrastructures and compliance for a variety of hedge funds and investment firms and will oversee all business management and operational functions at HITE Hedge.
Prior to joining HITE Hedge, Rubin was the Chief Operating Officer of Burrage Capital Management LLC, a Boston-based healthcare sector focused hedge fund he joined in 2018. Before that he was a Managing Member and Chief Operating Officer of Midwood Capital Management LLC, a Boston-based US small-cap long/short equity hedge fund he joined in 2012, and prior to that a Co-Founder, Managing Partner and COO of Tara Hill Capital Management LP, a Boston-based US long/short equity hedge fund firm launched in 2009. Prior to these roles he was a Senior Managing Partner at Boldwater Capital Management, a long/short hedge fund based in Boston, MA and spent 17 years as a Director and Member of the Executive Committee at Standish, Ayer & Wood, Inc (now Standish Mellon Asset Management).
“It is a great pleasure to welcome Howard to the team as we look to capitalise on increased institutional interest in our energy transition offerings,” says James Jampel, Founder & Co-CIO of HITE Hedge Asset Management. “Our institutional infrastructure and operational processes have been key to our growth and Howard’s expertise and many decades of experience will make sure that they continue to go from strength to strength.”
Howard B Rubin, CFA, says: “What attracted me to HITE Hedge was the quality of its team and products and its specialised focus on generating alpha using energy securities. Additionally, HITE is a pioneer in the ESG space, having created a first-of-its-kind solution for investors seeking to profit from decarbonisation without taking net long exposure. I look forward to helping HITE grow its business.”
Rubin is succeeding Jim Conant, who is departing HITE in the fourth quarter of 2021. At that point Rubin will also have the titles of Chief Financial Officer and Chief Compliance Officer. Conant has served HITE in these roles since 2007 and the HITE team wishes him well in the next phase of his career.