Sat, Jul 21, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers June 2018

PROFILES: Vulcan Metals, QuantCube Technology

 

Sometimes no trade is the trade', Vulcan Metals takes the long view

When James Gallo started in markets, commodities were still traded in the pit. After a short stint as an intern he was hooked. Gallo eventually became the youngest COMEX trader ever at age 21. Since then, he's built an expertise in copper and metals trading that he now uses to run his own fund

"As a floor trader you learn certain things about how the commodities market works," he tells Opalesque New Managers. "When the market changed and went to all electronic trading, a lot of guys didn't handle it that well. I've been fortunate in that when I wanted to start my own fund I was able to join up with a couple other metals brokers and we're using our knowledge of floor trading and electronic trading to build the Vulcan Metals strategy."

Vulcan Metals is a discretionary metals strategy that trades both base and precious metals. The fund uses a mix of arbitrage and flow trading and has a target size of about $300-400 million

Gallo first developed views on market structure by trading his own money. He owns and operates All American Copper corp a copper brokerage and trading firm, that launched in 1994. "I've been in this business most of my life and there is just a level of knowledge that you pick up over the years," he says

Edward Smith and Anthony Cicileo, who make up the rest of the management team have similar stories and backgrounds in gold and silver. By relying on their institutional knowledge of commodities markets, the Vulcan team makes relative value trades in a variety of metals including copper, gold, silver, platinum and palladium. The fund's strict risk management rules keep position sizes and concentrations in check

"We think it's really important to focus on position s......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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. Northern Trust combines private equity and hedge fund admin units[more]

    From GlobalCustodian: Northern Trust has merged its private equity and hedge fund administration businesses to create a new North America Alternative Fund Services unit. The new division will provide fund administration, accounting and data solutions to its global hedge funds, private equity manager

  2. 7 ETFs that act like a hedge fund[more]

    From US News: To say 2018 has been volatile for investors borders on understatement. The first quarter saw the CBOE Volatility Index spike. Stocks churned in Q2 as the Federal Reserve raised rates again and signaled continued tightening to come. And the third quarter is off to a choppy start, thanks

  3. Investing - Hedge funds circle around debt-binge firms, Hedge funds pin macro hopes more on U.S. yield[more]

    Hedge funds circle around debt-binge firms From Bloomberg.com: Hedge funds and private equity firms are positioning to profit from the collapse of companies in Europe that have binged on debt. Investors have built up their distressed debt businesses by the most in at least two years in t

  4. Funds of hedge funds are opening at a record pace in China[more]

    From Bloomberg: An investment offering that most of the world has shunned is suddenly all the rage in China, and money managers from UBS Group AG to SkyBridge Capital are moving to grab a slice of the bounty. Funds of hedge funds, which allocate client money across multiple managers, are opening

  5. Preqin: Hedge funds take a dip in June[more]

    From AI-CIO.com: Hedge funds tripped again in June, recording the asset class' third negative month, as gauged by the 2018 Preqin All-Strategies Hedge Fund benchmark. June saw a 0.5% loss for the benchmark, giving the standard its worst start to a year in more than a decade. That benchmark is barely