Galena builds on Trafigura trading strength

Mon Mar 23, 2009




A new oil and energy derivatives-based hedge fund strategy is the asset manager's latest move to leverage off the physical commodities trading expertise of its giant parent group

The planned launch in April of a dedicated oil and energy-focused fund marks the latest step in the growth of Galena Asset Management, the hedge fund management subsidiary of privately owned global commodities trading powerhouse Trafigura.

The firm's new energy fund will be run by Claude Lixi, an experienced and well-known oil derivatives trader who recently joined the group after spending some 12 years in oil options trading at Morgan Stanley and BP.

The Galena Energy Fund will focus on oil and energy futures, options and swaps - with no physical trading - and will aim, like Galena's other hedge fund products, to leverage the information flow of the Trafigura group, which is one of the world's largest traders of physical commodities.


Claude Lixi


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