Former UBS Star Trader Takes 6.5% Stake in Cheniere Energy (LNG)

In a 13D filing on Cheniere Energy Inc. (AMEX: LNG), SRM Global Master Fund disclosed a 6.5% stake (3.55 million shares) in the Company.

In a pretty standard disclosure, SRM said it intends to review their investment in CNG on a continuing basis and may engage in discussions with management concerning the business and future plans.

SRM Global was recently launched by Jon Wood, a former star trader at UBS AG, who according to an article from Bloomberg, helped the bank earn $2.4 billion over a six-year span. The report said Wood never lost money for clients during his 16 years at UBS, according to a marketing document sent to prospective investors. Wood's fund was one of the most anticipated of the year and quickly raised over $3 billion.

Shares of Cheniere Energy, a developer of liquid natural gas-receiving terminals, are trading at $26.50 --- near a 52-week low of $24.72 and well off the 52-week high of $44.40.

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