Commodity Fund Manager Victoria Bay Asset Management Announces Name Change
June 24 2008 - 7:32AM
PR Newswire (US)
ALAMEDA, Calif., June 24 /PRNewswire-FirstCall/ -- Victoria Bay
Asset Management, LLC, the manager of a number of commodity-based
exchange traded securities including the United States Oil Fund, LP
(AMEX:USO), has officially changed its name. The new name of the
firm is the "United States Commodity Funds LLC (USCF)." "With the
expansion of the number of funds we manage increasing to five over
the last year we felt that our firm's name needed to be one that
investors could more easily identify with the funds themselves,"
stated John T. Hyland, CFA, the Chief Investment Officer of the
firm. "The new name allows investors to better make the connection
between the sponsor and each of the funds. No other change is being
made regarding the relationship between USCF and our funds at this
time." United States Commodity Funds LLC is the manager of exchange
traded securities that are designed to track the movements in the
prices of different commodity futures. These include the United
States Oil Fund, LP (AMEX:USO) which was launched in 2006; the
United States Natural Gas Fund, LP (AMEX:UNG) and the United States
12 Month Oil Fund (AMEX:USL), which were both launched in 2007; and
the United States Gasoline Fund, LP (AMEX:UGA) and the United
States Heating Oil Fund, LP (AMEX:UHN), which were both launched in
2008. California-based United States Commodity Funds LLC is
registered with the CFTC as a commodity pool operator and has $1.9
billion in assets under management as of June 20, 2008. The United
States Oil Fund, LP (ticker: USO), the United States Natural Gas
Fund, LP (ticker: UNG), the United States 12 Month Oil Fund, LP
(ticker: USL), the United States Gasoline Fund (ticker: UGA), and
the United States Heating Oil Fund (ticker: UHN) are distributed by
ALPS Distributors, Inc. Note: Investors should read the prospectus
for USO, UNG, USL, UGA, and UHN for more complete information about
these securities, including risks, expenses, and other important
terms. In addition, there can be no guarantee that USO, UNG, USL,
UGA, or UHN will be able to achieve their investment goals. There
is no guaranty that USCF's assets under management will remain the
same. For a copy of the Prospectus contact: ALPS Distributors,
Inc., 1290 Broadway, Suite 1100, Denver, Colorado 80203 or call
1.800.920.0259 or visit http://www.unitedstatesoilfund.com/,
http://www.unitedstatesnaturalgasfund.com/,
http://www.unitedstates12monthoilfund.com/,
http://www.unitedstatesgasolinefund.com/, or
http://www.unitedstatesheatingoilfund.com/. DATASOURCE: United
States Commodity Funds LLC CONTACT: Katie Rooney, Registered
representative of ALPS Distributors, Inc., +1-818-206-8148, , for
United States Commodity Fund, LLC Web site:
http://www.unitedstatesoilfund.com/
http://www.unitedstatesnaturalgasfund.com/
http://www.unitedstates12monthoilfund.com/
http://www.unitedstatesgasolinefund.com/
http://www.unitedstatesheatingoilfund.com/
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