Friday, 19 December 2014
Last updated 15 hours ago
Nov 23 2009 | 6:16am ET
A former Millennium Capital Partners commodity fund manager will launch his own commodity hedge fund in the New Year.
The AN Commodity Fund is the brainchild of Tan Tien Leong, who worked at Millennium in London for two years. The new Singapore-based fund will invest in exchange-traded derivatives, with 30% of the fund in energy, 30% in agriculture and 25% in precious metals.
Tan told Bloomberg News that gold—which has already made a number of prominent hedge fund managers a mint this year—could do even better next year, potentially doubling in price by the end of 2010.
AN, which means peace in Mandarin, will debut in January with US$10 million in assets.
Joining Tan, who spent five years at Goldman Sachs before joining Millennium, at the new venture are Tan Chay Chang as a director and Joanna Han as risk management manager. Both join AN from Asia Genesis Asset Management.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.