Tuesday, 21 April 2015
Last updated 2 hours 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…