Saturday, 25 October 2014
Last updated 1 day 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.”
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.