Reuters – Commodities fund manager Tiberius is considering diversifying beyond trading futures contracts, and joining a small but expanding group of hedge funds spreading their wings into physicalmarkets.
The Geneva-based energy and commodities hedge fund manager said it was looking at physical commodities and would “probably do something in the near future in that space.”
“(We are) looking at trading in physical crude or base metals or whatever, and also investing in production capacities. That’s the next step,” Tiberius’ Managing Partner Nicolas Maduz told Reuters in an interview.
Founded in July 2005, Tiberius mainly trades futures contracts in over 30 commodities, spanning grains to metals to energy. Its funds have a corpus of $1.3 billion mainly invested by pension funds, insurance companies and family offices.
Maduz said moving into the “physical” world was a “logical step,” adding “There is an attraction in going into physical and trying to generate alpha from all the derivatives around commodity products.”
