Lake Hill Launches Commodities Strategy

May 2 2013 | 10:10am ET

New York-based investment firm Lake Hill Capital Management has opened its Lake Hill All-Alpha commodities strategy to qualified investors.

The commodity program, which Lake Hill currently runs for several institutional and high-net-worth clients, is based on the Lake Hill Index Strategy, which trades S&P 500 and Russell 2000 products (including futures options and related securities) exclusively.

The All-Alpha Strategy invests in a diverse book of exchange-traded commodity futures and options on metals, energy, agriculture, and equity indices. The commodity program's trading algorithms seek to profit by systematically responding to hedgers and other traders in the commodity option markets while maintaining a balanced, market-neutral book.

“We are enthusiastic about offering the extraordinary infrastructure we’ve successfully developed and applied over the past decade to our investing partners,” said Zem Sternberg, the firm’s co-founder and senior managing member. “This product provides sophisticated investor with unique access to a commodity investment that has traditionally been very hard to find.”

Sternberg, a former Deutsche Bank managing director and managing partner at Archelon, co-founded Lake Hill in 2005 with Scott Kovarik, a former George Weiss Associates partner. Both men also worked at Salomon Brothers.

Other Lake Hill personnel include Justin Golden, managing partner (and former head of institutional equity derivative sales at Bank of America, London); Steven Nicklas, managing partner (and economics Ph.D); and William Li, managing director (formerly of G-Bar, Barclays Capital, Lehman Brothers and Merrill Lynch).

Lake Hill Capital Management is a private firm specializing in quantitative and relative-value trading in exchange-traded-derivatives markets. In addition to the All-Alpha and Index strategies, it offers a tail-risk strategy, Lake Hill Convexity.

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