Hedge Fund Ousts Coal Exec in Bid to Build Oakland Export Terminal

On Election Day -- November 3, 2020 -- Los Angeles hedge fund manager Vikas Tandon took over the company formed to build a coal export terminal in West Oakland. Judge Joan Lloyd of the United States Bankruptcy Court in Louisville, Kentucky anointed Tandon the new CEO of Insight Terminal Solutions (ITS). Tandon’s company, Autumn Wind Lending LLC, is now the sole owner of ITS, though whether ITS’s mission to ship coal through Oakland will change under new ownership remains unknown. For seven years, ITS’s ousted CEO, coal industry veteran John J. Siegel, Jr., dreamed of building a coal export facility in Oakland. In September 2018, he signed a ...