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Ex-Goldman Trader Prepares HF Launch

Jul 28, 2013
Jing Chen

A former Goldman Sachs trader is launching a commodities hedge fund that will focus on trading price spreads between different crude oil and petroleum products.

Reuters reported that Jonathan Goldberg, who was a commodities trader at Goldman, will launch New York-based BBL Commodities in August.

BBL’s trades will be primarily in futures, listed options and cleared swaps on London-traded gas oil and Brent oil, and U.S. crude, gasoline and natural gas.

BBL’s launch comes at a difficult time for commodity funds, as data shows that the majority of them lose money every month.

 

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