Bear Boosts Commodity Team

Jun 8 2007 | 11:14am ET

Responding to growing demands from its hedge fund clients, Bear Stearns has added a sales executive and trader to its metals desk, and is boosting its soft-commodity team as well.

Sid Strutt, current a sales executive at Sempra Metals Group, will join Bear in New York next month, Bloomberg News reports. Metals trader John Browning of Barclays Capital will start in Hong Kong in September. And the firm also said it is adding to its soft-commodity teams in New York, London and Hong Kong.

“In soft commodities, there may be a time when we do what we did with the [London Metal Exchange] business, adding salespeople as the business grows,” European head of futures Peter Williams told Bloomberg.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…