Who is behind the Fund propping up Empire Petroleum? So Energy Evolution Fund is managed by Sterling Mulacek, son of the Chair of Empire Petroleum in which almost all the Fund’s capital is invested!
To adopt such a risky (not to mention completely inappropriate) investment strategy, is Sterling blessed with a long track record and decades of experience? No. He has some five years in the business!
Do his team members compensate? Well Mark Vinson has little more experience than Sterling and Patrick O’Donnell was a career Information Technology guy at UBS. Comfortable trusting these guys with your own capital in a spectacularly concentrated and conflicted investment strategy?
But then if all they do is pump their investors’ capital into Daddy’s company why do they need an investment team at all?!