Fri, Apr 18, 2014
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

Banner
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: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably