Top Susquehanna trader Jason Rockland preps commodities fund
June 07, 2012
Binnacle Capital Group plans to launch its volatility-focused offering in the third quarter with approximately $75 million.
It would seem an odd time to launch a commodities fund, given the major losses suffered by hedge funds focused on the sector, but a group of industry veterans are confident that their strategy will profit from the enhanced volatility of prices in the energy, agriculture, and metals markets, among others.
Commodities hedge funds have suffered the worst performance this year, with global commodities markets whipsawed by ongoing fears of European debt defaults and the effects of continued low employment. The AR Commodities Index was down 1.82% through April versus an AR composite index gain of 3.41% before May’s rout, figures for which are still being reported.
Led by longtime Susquehanna International Group trader Jason Rockland,...
TAKE A FREE TRIAL
The full contents of this article are available to Absolute Return subscribers and trialists only.
To continue reading please, take a free trial, subscribe or log in.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.