Thursday, 18 December 2014
Last updated 1 hour ago
Mar 29 2012 | 12:42pm ET
A pair of veteran investment banking executives will launch a commodities hedge fund.
Neal Shear and Jean Bourlot have founded Higgs Capital Management in London. It is unclear when the new firm will launch its maiden fund, but Bourlot told Bloomberg News that it would focus on energy, agriculture and metals.
Bourlot will serve as chief investment officer and Shear as CEO. The former was head of commodities at UBS and the latter head of global securities at UBS. Shear spent 25 years at Morgan Stanley before joining UBS; he left the Swiss bank last March after a year leading global securities. Bourlot, who also formerly worked at Morgan Stanley as head of agricultural trading, left UBS in December.
In addition to the two founders, Higgs will boast Neville Atha as chief operating officer. Atha most recently worked at hedge fund Jabre Capital Partners.
According to eVestment|HFN, commodity hedge funds have been a hot item for hedge fund investors this year, raising $1.33 billion in January and February.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.