(Reuters) Jonathan Goldberg, the founder of one of the world’s largest energy-focused hedge funds BBL Commodities, is launching a new $1 billion macro fund with his former Goldman Sachs colleague Ben Jacobs that will trade currencies and equity indices based on commodities trends.
The new fund was launched in March and is in the process of raising $250 million from founders with the remaining fundraising expected to close by the end of the year. BBL Commodities itself currently has some $500 million to $600 million under management. The new fund will be a rare beast in the market where commodities are often being traded.
