People Moves
NYC-Based Commodities House Adds Risk Boss, Raft Of Managers
This publication brings latest news around moves and appointments in the global wealth management industry.
New York-based Argon Capital Management, which is focused on commodities, has appointed a chief risk officer and a raft of portfolio managers.
The firm, which was founded last year, appointed Jeffrey Halpern as partner and CRO, and John Curran, Andrew Suckling and Pasha Bahadori, as partners and senior portfolio managers. They will be joined by newly-appointed portfolio managers Hugo Picca, Glen Eisenberg and Andrew Greenberg.
“Having some of the most talented individuals in the commodity space join Argon means that the firm is well positioned to capitalize on the once-in-a-generation opportunity that the commodities cycle is currently providing”, Marcos Bueno, chief investment officer of Argon. “Over $100 billion left the commodity space in the last few years. We want to provide an investable solution for this capital to return. The opportunity for our investors is tremendous”, added Bueno. (To see an interview by this publication with Argon about its investment approach, click here.)
Halpern previously held the same role at Moore Capital and at Credit Suisse’s $20 billion commodity trading advisor fund-of-funds.
Curran, former partner at Caxton Associates and CIO of multi-billion Tigris Financial, will look after Argon’s macro commodity strategy.
Suckling worked at Tudor Investment, co-founded Ospraie Management and was CIO of Verulam. He will be responsible for the discretionary metals strategy.
Bahadori, also from Tudor, former partner at Ospraie, CIO of Luxen Capital Management, and senior PM at Blenheim and Visium Asset Management, will manage Argon’s energy multi-asset portfolio.
Picca, co-creator of the UBS Commodity Index, will be responsible for the index/systematic strategy while Eisenberg and Greenberg will manage the agriculture volatility portfolio.
Argon was co-founded industry veterans Aurelia Lamorre-Cargill, previously of Barclays Capital and JP Morgan, and Bueno, previously of Graham Capital, JP Morgan and Goldman Sachs.
