Energy hedge fund Sasco Energy Partners lost three employees left within the past month.
Reuters reported that the Connecticut-based firm’s Joe Howley, who joined Sasco last year as chief investment officer and partner, and portfolio manager Brian Lisoski and trader Garth Camp left earlier this month as the firm struggles to make a profit. The trio’s reason for departure was not disclosed.
Previously regarded as one of the most successful hedge funds in the U.S. natural gas market, Sasco’s performance declined in the last two year, including a 20% trading loss in 2013. It assets under management have dropped to around $300 million from its all-time high of over $620 million.
The departures follows the exit of another Sasco partner and founding member, Todd Esse, in August.