The Louis Dreyfus Group is beefing up the management team of its two-year-old commodities hedge fund.
The French firm has named Richard Allen and James Gatehouse as fund managers of the US$1.3 billion LD Commodities Alpha Fund, alongside current fund manager Ian McIntosh. Both will start later this year, Allen in Geneva, Switzerland, with McIntosh and Gatehouse in Singapore at a new office he’ll open next year.
The appointments follow the departure last week of senior fund manager Michael Gelchie, who worked for the fund since its inception, Bloomberg News reports.
Both Allen and Gatehouse currently work at the Louis Dreyfus Commodities Group. Gatehouse is currently head coffee trader in Geneva, and Allen has been a senior manager in its sugar and oilseed units. Gatehouse previously worked in Singapore.