Salus Alpha Bets on Zinc, Sugar, Cattle on Demand, Prock Says
Thursday, July 15, 2010 : PermalinkBloomberg – Salus Alpha Commodity Arbitrage Strategy is placing bets on zinc, sugar and live cattle on expectations that strengthening demand will outstrip supply, the fund’s chief executive officer Oliver Prock said.
Prices of zinc and sugar, ranked the worst and second-worst performers in the S&P GSCI Commodity Index of 24 futures this year, will rebound by early 2011, said Prock, founder of the fund managed by Salus Alpha Capital Ltd. which has $1.3 billion in assets. The fund is buying February futures for zinc and March delivery for sugar, he said.
