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Tips for Investing in Commodities Successfully
Interview with: Jeremy Weir, Chief
Executive Officer, Galena Asset
Management (a subsidiary of the
Trafigura Group)
Investing in commodities today is more
about having the appropriate level of
specialization, so wealth managers
must partner up with investment houses
that are diverse and yet have a specific
set of unparalleled skills, according to
Jeremy Weir, Chief Executive Officer,
Galena Asset Management (a
subsidiary of the Trafigura Group).
Galena Asset Management is attending
the marcus evans Private Wealth
Management Summit Spring 2013,
in Atlanta, Georgia, June 2-4, as a
service provider.
What investment opportunities do
Galena Asset Management’s
commodity funds look for?
Investing in commodities is a long-
standing story, but today it is more
about appropriate specialization. Our
investment solutions focus on the
metals, minerals and energy sectors
across the liquidity spectrum.
Each fund seeks to exploit opportunities
in relation to its investment style. In
hedge funds we focus both on
directional and relative value strategies
in metals and energy derivative
markets. Similarly on the long only side,
although our aim is to outperform a
benchmark. Our commodity credit
business considers opportunities in the
commodity trade finance space focusing
on bank syndications. Finally, the
private equity resource team considers
long-term opportunities in the junior
mining space.
What value could commodities offer
to a private wealth portfolio?
Investing in commodities usually
involves high levels of volatility and
draw do wns as inv estors seek
directionality.
Traditionally some investors have
benefited from the strong diversification
effect of commodities but as
correlations dislocate, we advise them
to focus more on relative value
approaches for better long-term
adjusted returns.
How do you evaluate the
management of the companies you
invest in?
We have frequently enhanced or
replaced management in companies and
have taken an active stance in assisting
executives on day-to-day financial and
technical issues.
Understanding both ends of the
commodity value added chain enables
us to assess value in ways which go
beyond the traditional models.
Understanding the complex issues
associated with global commodity
trading enables us to gauge manage-
ment skills in relation to rapidly
changing circumstances and find
replacements if needed.
In the current environment our portfolio
companies benefit greatly from our solid
technical expertise and a well-
established banking network.
What risk management or
mitigation tips could you give to
private wealth managers?
In certain markets conditions it might
be tempting to be very tolerant and
compromise on discipline, but the
outcome can be disastrous both
psychologically and in terms of business
solidity. It is vital to uphold portfolio
diversification and pre-defined stop
losses independently from short-term
market factors.
Any final thoughts?
In the current environment investors
are seeking opportunities but remain
apprehensive of unforeseen risks. It is
paramount for wealth managers to
partner up with investment houses that
are diverse and yet have a specific set
of unparalleled skills.
Investing in
commodities
usually
involves
high levels
of volatility
and
drawdowns
The Investment Network –
marcus evans Summits group
delivers peer-to-peer information
on strategic matters, professional
t r e n d s a n d b r e a k t h r o u g h
innovations.
Please note that the Summit is a
closed business event and the
number of participants strictly
limited.
About the Private Wealth Management Summit Spring 2013
This unique forum will take place at the Ritz Carlton, Buckhead, Atlanta, Georgia,
June 2-4, 2013. Offering much more than any conference, exhibition or trade show,
this exclusive meeting will bring together esteemed industry thought leaders and
solution providers to a highly focused and interactive networking event. The
Summit includes presentations on maximizing family legacy, manager selection,
investment opportunities in the current market and ensuring the successful
transition of multi-generational wealth.
www.privatewealthsummit.com
About Galena Asset Management
Galena Asset Management is a subsidiary of the Trafigura Group set up in 2003 to offer investment opportunities through
specialized return commodity funds. Its asset management teams are based in Geneva, London and Singapore. With over
US$2.5bn under discretionary management, Galena acts as investment manager to several funds, managed accounts and bespoke
mandates. It operates wholly independently from Trafigura but benefits from its expertise and insights into global supply and
demand of physical commodities.
www.galena-invest.com
About marcus evans Summits
marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss
strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to
individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.
For more information, please visit: www.marcusevans.com
Upcoming Events
Foundations & Endowments Investment Summit - www.foundations-endowmentssummit.com
US Pensions Summit - www.uspensions-summit.com
To view the web version of this interview, please click here: www.privatewealthsummit.com/JeremyWeir
Contact
Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits
Division
Tel: + 357 22 849 313
Email: press@marcusevanscy.com
For more information please send an email to info@marcusevanscy.com
All rights reserved. The above content may be republished or reproduced. Kindly
inform us by sending an email to press@marcusevanscy.com

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Tips for Investing in Commodities Successfully - Interview: Jeremy Weir, Galena Asset Management - Private Wealth Management Summit

  • 1. Tips for Investing in Commodities Successfully Interview with: Jeremy Weir, Chief Executive Officer, Galena Asset Management (a subsidiary of the Trafigura Group) Investing in commodities today is more about having the appropriate level of specialization, so wealth managers must partner up with investment houses that are diverse and yet have a specific set of unparalleled skills, according to Jeremy Weir, Chief Executive Officer, Galena Asset Management (a subsidiary of the Trafigura Group). Galena Asset Management is attending the marcus evans Private Wealth Management Summit Spring 2013, in Atlanta, Georgia, June 2-4, as a service provider. What investment opportunities do Galena Asset Management’s commodity funds look for? Investing in commodities is a long- standing story, but today it is more about appropriate specialization. Our investment solutions focus on the metals, minerals and energy sectors across the liquidity spectrum. Each fund seeks to exploit opportunities in relation to its investment style. In hedge funds we focus both on directional and relative value strategies in metals and energy derivative markets. Similarly on the long only side, although our aim is to outperform a benchmark. Our commodity credit business considers opportunities in the commodity trade finance space focusing on bank syndications. Finally, the private equity resource team considers long-term opportunities in the junior mining space. What value could commodities offer to a private wealth portfolio? Investing in commodities usually involves high levels of volatility and draw do wns as inv estors seek directionality. Traditionally some investors have benefited from the strong diversification effect of commodities but as correlations dislocate, we advise them to focus more on relative value approaches for better long-term adjusted returns. How do you evaluate the management of the companies you invest in? We have frequently enhanced or replaced management in companies and have taken an active stance in assisting executives on day-to-day financial and technical issues. Understanding both ends of the commodity value added chain enables us to assess value in ways which go beyond the traditional models. Understanding the complex issues associated with global commodity trading enables us to gauge manage- ment skills in relation to rapidly changing circumstances and find replacements if needed. In the current environment our portfolio companies benefit greatly from our solid technical expertise and a well- established banking network. What risk management or mitigation tips could you give to private wealth managers? In certain markets conditions it might be tempting to be very tolerant and compromise on discipline, but the outcome can be disastrous both psychologically and in terms of business solidity. It is vital to uphold portfolio diversification and pre-defined stop losses independently from short-term market factors. Any final thoughts? In the current environment investors are seeking opportunities but remain apprehensive of unforeseen risks. It is paramount for wealth managers to partner up with investment houses that are diverse and yet have a specific set of unparalleled skills. Investing in commodities usually involves high levels of volatility and drawdowns
  • 2. The Investment Network – marcus evans Summits group delivers peer-to-peer information on strategic matters, professional t r e n d s a n d b r e a k t h r o u g h innovations. Please note that the Summit is a closed business event and the number of participants strictly limited. About the Private Wealth Management Summit Spring 2013 This unique forum will take place at the Ritz Carlton, Buckhead, Atlanta, Georgia, June 2-4, 2013. Offering much more than any conference, exhibition or trade show, this exclusive meeting will bring together esteemed industry thought leaders and solution providers to a highly focused and interactive networking event. The Summit includes presentations on maximizing family legacy, manager selection, investment opportunities in the current market and ensuring the successful transition of multi-generational wealth. www.privatewealthsummit.com About Galena Asset Management Galena Asset Management is a subsidiary of the Trafigura Group set up in 2003 to offer investment opportunities through specialized return commodity funds. Its asset management teams are based in Geneva, London and Singapore. With over US$2.5bn under discretionary management, Galena acts as investment manager to several funds, managed accounts and bespoke mandates. It operates wholly independently from Trafigura but benefits from its expertise and insights into global supply and demand of physical commodities. www.galena-invest.com About marcus evans Summits marcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discuss strategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity to individually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings. For more information, please visit: www.marcusevans.com Upcoming Events Foundations & Endowments Investment Summit - www.foundations-endowmentssummit.com US Pensions Summit - www.uspensions-summit.com To view the web version of this interview, please click here: www.privatewealthsummit.com/JeremyWeir Contact Sarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, Summits Division Tel: + 357 22 849 313 Email: press@marcusevanscy.com For more information please send an email to info@marcusevanscy.com All rights reserved. The above content may be republished or reproduced. Kindly inform us by sending an email to press@marcusevanscy.com