People Moves

Trafigura’s Galena arm makes changes to energy fund team

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Galena Asset Management, the investment arm of the Trafigura global commodities trading group, has revealed a restructuring of the management team on its Galena Energy Fund that took effect from earlier this year.

The Geneva-based Galena Energy Fund was seeded by the parent company Trafigura at its inception in April 2009 with an initial $50 million. The group subsequently committed a further $50 million at the beginning of 2010.

“With a view to providing a more diversified investment approach, changes have been made in the energy team,” said a statement from Galena this week. “Claude Lixi remains the