Friday, 22 May 2015
Last updated 9 min ago
May 22 2012 | 8:12am ET
Two Société Générale vets have joined forces to launch a multi-commodity discretionary hedge fund.
Frédéric Lasserre, who built and headed the SG commodity research and strategy team, and Christophe Cordonnier, who set up and led the bank's sales and structuring commodity investor business, are launching Paris-based Belaco Capital.
They will be assisted by François Beuzelin, who spent 12 years at SG, heading metals trading and working in a commodity fund.
“There is still unsatisfied demand from investors for absolute return on commodities,” said Cordonnier in a statement.
“We believe it is crucial to rely on solid expertise in trendless and highly volatile markets we experience during recessionary times,” said Lasserre.
Added Buezelin: “We think the combination of trading, fundamental research and financial engineering is the ideal mix to bring value to investors.”
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…