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Tips for Investing in Commodities Successfully - Jeremy Weir, Galena Asset Management (a subsidiary of the Trafigura Group)
 

Tips for Investing in Commodities Successfully - Jeremy Weir, Galena Asset Management (a subsidiary of the Trafigura Group)

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Jeremy Weir of Galena Asset Management, an asset manager at the marcus evans Private Wealth Management Summit Spring 2013, on investing in commodities. ...

Jeremy Weir of Galena Asset Management, an asset manager at the marcus evans Private Wealth Management Summit Spring 2013, on investing in commodities.
Interview with: Jeremy Weir, Chief Executive Officer, Galena Asset Management (a subsidiary of the Trafigura Group)

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    Tips for Investing in Commodities Successfully - Jeremy Weir, Galena Asset Management (a subsidiary of the Trafigura Group) Tips for Investing in Commodities Successfully - Jeremy Weir, Galena Asset Management (a subsidiary of the Trafigura Group) Document Transcript

    • Tips for Investing in Commodities SuccessfullyInterview with: Jeremy Weir, ChiefExecutive Officer, Galena AssetManagement (a subsidiary of theTrafigura Group)Investing in commodities today is moreabout having the appropriate level ofspecialization, so wealth managersmust partner up with investment housesthat are diverse and yet have a specificset of unparalleled skills, according toJeremy Weir, Chief Executive Officer,Galena Asset Management (asubsidiary of the Trafigura Group).Galena Asset Management is attendingthe marcus evans Private WealthManagement Summit Spring 2013,in Atlanta, Georgia, June 2-4, as aservice provider.What investment opportunities doGalena Asset Management’scommodity funds look for?Investing in commodities is a long-standing story, but today it is moreabout appropriate specialization. Ourinvestment solutions focus on themetals, minerals and energy sectorsacross the liquidity spectrum.Each fund seeks to exploit opportunitiesin relation to its investment style. Inhedge funds we focus both ondirectional and relative value strategiesin metals and energy derivativemarkets. Similarly on the long only side,although our aim is to outperform abenchmark. Our commodity creditbusiness considers opportunities in thecommodity trade finance space focusingon bank syndications. Finally, theprivate equity resource team considerslong-term opportunities in the juniormining space.What value could commodities offerto a private wealth portfolio?Investing in commodities usuallyinvolves high levels of volatility anddraw do wns as inv estors seekdirectionality.Traditionally some investors havebenefited from the strong diversificationeffect of commodities but ascorrelations dislocate, we advise themto focus more on relative valueapproaches for better long-termadjusted returns.How do you evaluate themanagement of the companies youinvest in?We have frequently enhanced orreplaced management in companies andhave taken an active stance in assistingexecutives on day-to-day financial andtechnical issues.Understanding both ends of thecommodity value added chain enablesus to assess value in ways which gobeyond the traditional models.Understanding the complex issuesassociated with global commoditytrading enables us to gauge manage-ment skills in relation to rapidlychanging circumstances and findreplacements if needed.In the current environment our portfoliocompanies benefit greatly from our solidtechnical expertise and a well-established banking network.What risk management ormitigation tips could you give toprivate wealth managers?In certain markets conditions it mightbe tempting to be very tolerant andcompromise on discipline, but theoutcome can be disastrous bothpsychologically and in terms of businesssolidity. It is vital to uphold portfoliodiversification and pre-defined stoplosses independently from short-termmarket factors.Any final thoughts?In the current environment investorsare seeking opportunities but remainapprehensive of unforeseen risks. It isparamount for wealth managers topartner up with investment houses thatare diverse and yet have a specific setof unparalleled skills.Investing incommoditiesusuallyinvolveshigh levelsof volatilityanddrawdowns
    • The Investment Network –marcus evans Summits groupdelivers peer-to-peer informationon strategic matters, professionalt r e n d s a n d b r e a k t h r o u g hinnovations.Please note that the Summit is aclosed business event and thenumber of participants strictlylimited.About the Private Wealth Management Summit Spring 2013This 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 andsolution providers to a highly focused and interactive networking event. TheSummit includes presentations on maximizing family legacy, manager selection,investment opportunities in the current market and ensuring the successfultransition of multi-generational wealth.www.privatewealthsummit.comAbout Galena Asset ManagementGalena Asset Management is a subsidiary of the Trafigura Group set up in 2003 to offer investment opportunities throughspecialized return commodity funds. Its asset management teams are based in Geneva, London and Singapore. With overUS$2.5bn under discretionary management, Galena acts as investment manager to several funds, managed accounts and bespokemandates. It operates wholly independently from Trafigura but benefits from its expertise and insights into global supply anddemand of physical commodities.www.galena-invest.comAbout marcus evans Summitsmarcus evans Summits are high level business forums for the world’s leading decision-makers to meet, learn and discussstrategies and solutions. Held at exclusive locations around the world, these events provide attendees with a unique opportunity toindividually tailor their schedules of keynote presentations, think tanks, seminars and one-on-one business meetings.For more information, please visit: www.marcusevans.comUpcoming EventsFoundations & Endowments Investment Summit - www.foundations-endowmentssummit.comUS Pensions Summit - www.uspensions-summit.comTo view the web version of this interview, please click here: www.privatewealthsummit.com/JeremyWeirContactSarin Kouyoumdjian-Gurunlian, Press Manager, marcus evans, SummitsDivisionTel: + 357 22 849 313Email: press@marcusevanscy.comFor more information please send an email to info@marcusevanscy.comAll rights reserved. The above content may be republished or reproduced. Kindlyinform us by sending an email to press@marcusevanscy.com