By a News Reporter-Staff News Editor at Energy Weekly News -- Against this backdrop, Cavanal Hill Funds complex has filed a registration statement with the SEC indicating its intent to offer the World Energy Fund (the Fund) so investors can take advantage of what some believe is the coming end of cheap energy. Cavanal Hill Investment Management Inc., the advisors to the Fund, is strategically based in the epicenter of the U.S. energy industry. From this vantage point, Cavanal Hill has the expertise and know how to understand the energy industry and its influence on global economic growth and development.
Brian Henderson, President of Cavanal Hill Investment Management, states, "We are standing on the cusp of the most dramatic increase in energy usage the world has ever seen. We believe crude oil, natural gas, biofuels, renewables, and even coal will see exponential demand growth in the coming years. In addition, all of the ancillary energy plays such as transportation, energy service, and infrastructure are likewise poised for dramatic and sustainable growth. Accordingly, we believe the launch of the Cavanal Hill World Energy Fund is timed to provide investors with a flexible and versatile platform to benefit from these trends."
Henderson added, "Unlike other energy sector funds, which mostly focus on large-cap stocks or master limited partnerships in the oil and gas industries, the Cavanal Hill World Energy Fund may invest wherever its investment management team believes the best energy-sector opportunities reside-equity or fixed income, domestic or international, conventional energy sources or cutting-edge, environmentally friendly, renewable energy sources; with the ability to shift allocations dependent on market conditions. The fund will also have no market capitalization restrictions, allowing it to invest in everything from established global energy companies to smaller, innovative companies."
The fund will be managed using a team approach combining expertise from Cavanal Hill's equity, fixed income, and quantitative disciplines. Fund managers include Matthew C. Stephani CFA®, Senior Equity Portfolio Manager; Michael P. Maurer, CFA®, Senior Fixed Income Portfolio Manager; and Thomas W. "Wes" Verdel, CFA®, Senior Quantitative Equity Portfolio Manager. The team will be overseen by J. Brian Henderson, CFA®, President of Cavanal Hill Investment Management.
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