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Former UBS executives to start London commodities hedge fund
From Businessweek.com: Neal Shear, who spent 25 years at Morgan Stanley, and Jean Bourlot, former commodities head at UBS AG, are starting Higgs Capital Management LLP, a commodities hedge fund in London. The fund will cover energy, agriculture and metals, Bourlot said by phone from London today. Shear will be chief executive officer and Bourlot will be chief investment officer, he said. Neville Atha, who joins from Jabre Capital Partners, will be chief operating officer.
Commodity hedge funds raised an estimated $1.33 billion in the first two months of 2012 and assets under management stood at $85.1 billion as of Feb. 29, according to eVestment/HFN, a New York-based research company. Investors in raw materials tracked by the Standard & Poor’s GSCI index got a total return of 8.4 percent in January and February as copper and oil rallied, data compiled by Bloomberg show… Full article: Source
Former Eton Park manager sets May date for launch
From HFMweek.com: Thierry Lucas, who was a portfolio manager at $5.7bn Eton Park Capital Management until last summer, will debut his new fund on 1 May, in what has been described as the European industry’s “next significant launch,” HFMWeek understands. Portland Hill Capital’s expected launch size was not disclosed ...................... To view our full article Click here
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