An outage at a smelter in Japan led to a jump in Southeast Asian copper premiums in the week ended Tuesday February 8, while premiums elsewhere were broadly stable, although logistics issues and Covid-19 continued to create problems in Europe, and the winter weather was a concern in the United States.
Bailey McCann, Opalesque New York for New Managers:
Arion Investment Management, a London based commodity specialist, has launched a new multi-strategy commodity fund platform. Arion Alpha Strategies SPC includes five strategies representing the full complement of Arion s commodities capabilities within a Cayman domiciled platform. The funds include Arion s Multi-Commodity; Copper Arbitrage; Fundamental Systematic Energy; Commodity Spread Trading Program, and Oil Products Trading Program.
The platform also includes an expanded Arion team. Last year, Brent Belote, Portfolio Manager at Cayler Capital and Arion announced a tie up. Belote is now trading as part of Arion s Systematic Energy Strategy and Cayler Capital is getting infrastructure support from Arion s platform. James Purdie, Head of Investor Relations at Arion tells Opalesque New Managers that the firm will likely continue to build out the platform with additional traders over time.