Cheniere Energy Inc. (AMEX:LNG) revealed today in a 13D filing with the SEC that SRM Global Master Fund had taken a 6.5% stake in the company. The filing said that the fund would review their investment on a continuing basis and may engage in discussions with management concerning the business and future plans. The real story here is in SRM Global, however.

SRM Global is a relatively new hedge fund, launched by Jon Wood - who brought in over $2.4 billion for UBS in six years before launching his own fund. This new hedge fund focuses on trading shares of organizations that are merging, capital structure arbitrage (price difference between related corporate securities), and investment in industries and stocks that are not doing so well or are in trouble. Given his incredible track record, any investment by SRM Global makes this stock definitely one worth watching.

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