Ex-Glencore Traders Launch Commodities Fund

Apr 11 2014 | 8:58am ET

Glencore vets Paul Schurman and Patrik Sundberg hope to raise $500 million as they open their new event-driven commodities fund to outside investors.

Tulos Capital, which will focus on agricultural commodities and oil, was founded in 2013 and opened to outside money in February 2014, reports the Financial News.

Schurman, the chief investment officer of Tulos, is the former head of oil derivatives at the commodities trading giant Glencore, which he left in late 2012. Prior to joining Glencore, he spent a year at Millennium and before that was a commodities trader with Goldman Sachs.

Sundberg has a similar CV, having also worked at Millennium and Goldman Sachs prior to joining Glencore


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note