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Craig Evans Benedicte Gravrand, Opalesque Geneva: An Australian commodity hedge fund manager talks about his current favourite themes, namely new energy and car batteries, and the current commodity cycle.
The managers of the Tribeca Global Natural Resources Fund, a long/short hedge fund, are most positive in the new energy theme and commodities associated with this theme. Oil and coal, as far as they are concerned are grouped in the 'old energy' basket. Then there is also the highly traded copper.
"Copper and oil are always extremely good indicators to the generalist investors to raise their interest in commodities more broadly but as specialist investors, we do a lot more modelling and analysis on the entire commodity universe," co-manager Craig Evans tells Opalesque. "This is why out investible universe covers the breadth of Metals & Mining, Energy and Soft Commodities."
"We've had headlines recently out of OPEC and those referenced to who is maintaining the agreed production cuts and who isn't," he continues. "That's an unknown variable; all of the investment banks have oil price targeted high and the consensus opinion probably worries us a little bit right now in the old energy space so we are more lightly positioned than peers. But just about all other commodities are quite constructive at the moment. We are running a moderate net long in the fund (around 30-50%) and ...................... To view our full article Click here
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