Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Kurt Billick launching Bocage Global Resources fund in Q4 2010

Wednesday, September 08, 2010

From Kirsten Bischoff, Opalesque New York:

Opalesque has learned that Kurt Billick, formerly of Caxton Associates, launched San Francisco-based Bocage Capital. The firm is currently in pre-launch phase for its first fund The Bocage Global Resources Fund, a market neutral commodity focused strategy targeted to launch in Q4 2010.

The strategy will replicate the approach to investing that Billick utilized when he ran a $400mm book at Caxton. His experience with this strategy also includes a five-year stint at UBS running a prop book for that firm.

Billick's current outlook on the global commodities markets includes a bullish view on the prospects for platinum group metals (PGMs), especially palladium, however he is cautious regarding the business prospects of the South African companies that represent most of the listed PGM related equities.

"Unlike almost every other commodity, the PGMs remain below their marginal cost of supply despite a substantial deficit in supply," he said in late August. "This is especially true in the palladium market which has relied on Russian stockpile sales (which have not largely ceased) for many years to fill the supply gap. At the same time the South African mining industry, the key supplier of PGMs, remains plagued by productivity, safety, and licensing issues which will keep costs high and new supply limited."

Joining Billick at Bocage is COO Peter Ashby w......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  2. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  3. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  4. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style

  5. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as