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Bloomberg – Erik Verhaar, a former energy trader at Ospraie Management LLC and Deutsche Bank AG, started a hedge fund this week in the Netherlands as investors are returning to commodities.
His new Falckon Capital BV bets on U.K. natural gas and European power, emissions, coal and oil and has attracted one investor so far, Verhaar said yesterday in an interview.
Verhaar, 46, started at Cargill Inc. in 1987 as a cocoa trader and worked for Goldman Sachs Inc. and Nuon NV before joining Deutsche Bank in London in 2000, advancing to managing director for gas and power. He joined Ospraie’s biggest commodities fund in March 2008, six months before it closed in September last year. Verhaar’s energy investments at Ospraie gained 15 percent net of fees while he was there, he said.
Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., HBM securing a major advantage over potential rival suitors for the Canadian zinc and copper producer that has hired advisers to explore the company’s strategic options.
Documents filed in Ontario Superior Court show Lakomasko BV, a privately held company based in Amsterdam, owns 14.5 million HudBay shares – about 9.5 per cent of the Toronto mining firm.
Globe and Mail – An Indian mining giant has quietly amassed a near 10-per-cent stake in HudBay Minerals Inc., securing a major advantage over potential rival suitors for the Canadian zinc and copper producer that has hired advisers to explore the company’s strategic options.
Documents filed in Ontario Superior Court show Lakomasko BV, a privately held company based in Amsterdam, owns 14.5 million HudBay shares – about 9.5 per cent of the Toronto mining firm.
