Roscommon gas trading exit sparks hiring spree across hedge funds and energy firms
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 Analytics’ US natural gas trading division has ceased operations, prompting a surge in hiring across the hedge fund, banking, and commodities sectors, according to eFinancial Careers. The closure follows the loss-making business, resulting in a wave of departures by former employees. Since the announcement, at least 11 former staff have transitioned to rival firms, securing roles in various industries.
Among the latest hires, James Degelia, Roscommon’s former US chief risk officer, joined Balyasny Asset Management, while Samantha Philipp West took a vice president position at Citi focusing on power trading. Paul Matasso has been appointed head of natural gas trading at Marathon Petroleum. Other former team members have joined Trafigura, Saracen Energy, Castleton Commodities International, and Bank of America, highlighting the persistent demand for experienced power and gas specialists.
The closure has also led Squarepoint Capital to bolster its energy trading capabilities, employing Michael Ciano, who previously worked at Roscommon from 2025. Roscommon’s CEO, Kevin Kelly, stated that the company remains well-capitalized and the exit was conducted orderly. The firm currently employs 95 people, including 45 investment professionals, with offices in Houston and New York.
However, LinkedIn data suggests a significant reduction in overall workforce size over the past year.
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