Launches & Closures People Moves

Ex-Glencore, Goldman Sachs oil trader greases commodities launch

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Jonathan Goldberg nabs COO/CCO from Covepoint.

  Jonathan Goldberg of BBL Commodities 
   Jonathan Goldberg (Photo: Facebook)
Jonathan Goldberg, a top oil trader at Glencore and Goldman Sachs, is in the final stages of preparing his own commodities hedge fund firm.

The new shop, BBL Commodities, will use a relative value strategy to profit from mispricing in the oil market, according to people familiar with the situation.

The new launch comes as many commodity hedge funds have fared poorly in recent years. The Absolute Return Commodities Index is down 5.52% through June. The index also fell