UBS, Morgan Stanley Vets Plan Commodities Hedge Fund

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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