Launches & Closures Hedge Funds People Moves

Top Susquehanna trader Jason Rockland preps commodities fund

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Binnacle Capital Group plans to launch its volatility-focused offering in the third quarter with approximately $75 million.

   
   Jason Rockland
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