Fri, Feb 28, 2020
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. Other Voices: Are all ESG Indexes as green as you want them to be?[more]

    From Beyond Investing: When Laurence Fink, chief executive of BlackRock, with nearly US$7 trillion under management, vows to put sustainability at the core of the firm's new investment approach, markets and investors sit up and liste

  2. Legal: Philip Falcone sued over alleged $65.8m default, Warhol painting[more]

    From Bloomberg: Former Harbinger Capital hedge fund manager Philip Falcone was accused in a New York lawsuit of defaulting on $65.8 million in loans and violating the terms of lending agreements by selling two paintings used as collateral, including one by Andy Warhol. Melody Business Finance LL

  3. U.S.: Second round of layoffs to hit TIAA's shuttered OCIO business this week, Capital buffers edged lower at systemic US banks in 2019[more]

    Second round of layoffs to hit TIAA's shuttered OCIO business this week From Institutional Investor: A second round of layoffs in TIAA's outsourced chief investment officer business is slated to take place this week, according to one former staffer. TIAA announced in November that it wa

  4. US-based micro venture capital funds raise a record amount of capital in 2019[more]

    Laxman Pai, Opalesque Asia: US-based micro venture capital funds (sized at $100mn or less) had another record-breaking year in 2019, said a report. Managers of micro funds surpassed the $8.3bn raised in 2018 with $8.4bn secured through 282 fund closures, according to the report by Preqin and t

  5. Tech: Privacy study: Brave browser smacks down Chrome, Firefox & Safari, How AI can bring new insight to private equity deals[more]

    Privacy study: Brave browser smacks down Chrome, Firefox & Safari From Coin Telegraph: A privacy expert who compared some of the most popular browsers on the market reached an unambiguous conclusion: Brave trumps competition. Trinity College Dublin's chair of computer systems, Dr. D