Moore commodities vet's fund clocks 28% gain

Luke Sadrian's Commodities World Capital also hires new COO/CCO

Nye Longman

24 May 2021

Commodities World Capital (CWC), the firm launched by ex-Moore Capital and Brevan Howard PM Luke Sadrian, has hired a new COO/CCO after posting a 28% year-to-date gain.

London-based CWC trades over 30 commodities with a focus on energy and metals and expects further opportunities during the anticipated super-cycle in commodities, amid a rise in inflation expectations, demand for de-correlated return streams and interest in ESG.

Commodity hedge fund strategies advanced 2.2% in April, brining year-to-date gains to 4.8%, according to HFM data. They returned 5.6% last year and 1.8% in 2019.

Joining CWC as COO/CCO is Mairead Kenny, who was previously at London shop Albert Bridge Capital for over five years, serving as director of marketing and investor relations.

Between 2007 and 2015, she worked at Bank of America Merrill Lynch, most recently as head of European capital introduction, and previously worked for Lehman Brothers and JP Morgan.

She joins to replace Iona Fiaty, who was COO/CCO with CWC for three years and left recently to join Luxembourg minerals company La Mancha.

CWC anticipates significant asset growth from Q3, off the back of current investor interest, sources close to the matter told HFM.

Sadrian was a commodity portfolio manager at Brevan Howard between April 2004 and November 2008 then at Moore between October 2009 and March 2012. He launched CWC in 2016.

CWC declined to comment on the situation.