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Opalesque Exclusive: $40m sugar fund adds trader
Hamburg (Germany) based ACTAN is announced yesterday that it has hired
Fabrice Chouissi to reinforce its sugar trading efforts.
Fabrice Chouissi has 12 years experience in the trading of soft commodities, with a focus on sugar. He joins from NATIXIS Commodity Markets Ltd where he set- up and lead the Agricultural Trading desk. Before joining NATIXIS, Fabrice had set-up the Russian brokerage operations at SUCDEN in London…
ACTAN is the advisor to the Alternative Sugar Investment Fund (ASI Fund), one
of the early funds trading physical sugar. The fund was launched in September 2006 by Robin Pache, a veteran trader with more than 16 years experience in
the trading of sugar.
ASI invests predominently in physical transactions on the sugar market. Approximately 30% of the fund is used for relative-value trading strategies (volatility, calendar/quality spreads).
The fund targets returns of 12-15% p.a. with a volatility of 5-8%. 2007 return
was +24% in USD. AuM have reached 40m$.
BATS announces CEO, COO
BATS Trading Inc. named Mark Hemsley chief executive of BATS Trading (Europe), and appointed Paul O’Donnell as chief operating officer of the newly formed entity, which is based in London. Mr. Hemsley, a former Euronext LIFFE executive, and Mr. O’Donnell, who has spent the past 14 years at Morgan Stanley, are the first two official employees of BATS Trading (Europe) and are poised...................... To view our full article Click here
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