Edward Ondarza

Founder, Managing Director, and Portfolio Manager

Edward Ondarza is responsible for investment and business management at Virage. Prior to founding Virage in 2013, Mr. Ondarza launched and managed investment advisory businesses that operated commodity-based private investment vehicles. These include Vantage Advisors LP (energy-based commodity strategy), Vantage Forest Products LP (forest products commodity and equity strategy), and Cirrus Capital Management LLC (energy based commodity strategy).

His roles included Chief Operating Officer, Chief Compliance Officer, and also portfolio management responsibilities at Vantage Forest Products LP. Prior to launching Vantage Advisors LP in 2005, Mr. Ondarza worked on a strategy to pursue the acquisition, aggregation and sale of U.S. government guaranteed debt to global institutional investors. Prior to that venture, Mr. Ondarza was a Managing Director of National Bank of Canada and also the President and one of the founding members of NBC Global Risk Management, Inc., a wholly-owned subsidiary of National Bank of Canada, which was the bank’s financial commodity trading and structuring business.

Before forming NBC Global Risk Management, Inc., Mr. Ondarza served initially as a Director and later as a Vice President at Enron Corporation from 1997 to 2001, where he was responsible for the global development and management of Enron’s trading, marketing, investment, operations and energy products for the pulp and paper industry.

Mr. Ondarza later led Enron Media Services in the development of a forward derivatives market for the advertising industry and led an origination team inside of Enron Energy Services pursuing physical and financial natural gas and power transactions. Mr. Ondarza joined Enron upon selling Paper & Print Management Corp., where he was a founder and a pioneer of a business model that provides financial risk management products to the forest products industry, which continues to be utilized by market participants and financiers in the global pulp and paper markets.

Mr. Ondarza is co-author of the book Risk Management for the Pulp and Paper Industry. Prior to forming Paper & Print Management Corp., Mr. Ondarza was a principal and Vice President of Mid-Continent Group, a gasoline blending, crude oil, and refined products trading company. He received a B.B.A. from the University of Texas at San Antonio in 1990.