Wed, Aug 24, 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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  4. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill

  5. …And Finally - Police contact Catholic Church after baffling ‘poltergeist’ report[more]

    From Telegraph.co.uk: Police officers in Scotland have called in representatives from the Catholic Church after investigating reports of “disturbing incidents” of a "poltergeist" at a family home. A mother and her teenage son were said to be “extremely distressed” after experiencing what the D