Hints and tips:
...Mr Letchford took the Galena job just 20 months ago after Jeremy Weir left the position to become Trafigura’s chief executive....
...Ms Auer, who joins from Timberland Investment Resources Europe, a forestry investment group, has previously worked for Galena Asset Management, part of Trafigura, the commodities trading group....
...Velite, a natural gas fund, gained 51 per cent, while Galena Metals, the fund owned by trading house Trafigura, posted a gain of 11 per cent and Red Kite, a competitor, profited from a bearish view on copper...
...Galena currently has $1.8bn in assets under management across a range of commodity-focused funds....
...And in this world, hedge funds set up by merchant companies, such as Trafigura’s Galena, Louis Dreyfus Commodities and Cargill, are said to have an even greater advantage....
...● The Galena Energy Fund, investing in oil and energy futures, options and swaps, has been launched by Galena Asset Management....
...● David Mimra has joined commodities specialist Galena Asset Management as head of sales and marketing....
International Edition