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Investec set for commodity challenge

Investec managing director David Aird says the company is looking to double its present total of £1.5bn of assets under management in the commodities sector within two years.

Aird says the firm’s newly assembled commodities team now has the capacity to challenge the leading players in the market.

Investec recruited Goldman Sachs analysts Mark Lacey and Jonathan Waghorn in February to replace Tim Guinness on its global energy fund and offshore fund.

Aird says: “We have a number of strong performers such as global energy, which is already well known. We have £1.5bn of assets in commodities and there is no reason why we cannot compete with the likes of BlackRock who run £12.5bn.”

In May, Investec launched an enhanced natural resources commodity fund under the management of Bradley George and George Chevelrey.

The fund can invest across numerous commodities, from mining to cattle and uses George’s experience in the hedge fund world by taking long and short positions.

Aird believes this is a massive benefit and says many fund firms are not making full use of wider powers from the hedge fund perspective.

He says: “So many longonly managers run these sorts of offerings when hedge fund managers have the experience of using derivative instruments, shorting and the absolute return focus.”


Bowe set to leave RDR role

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Protection can profit from crunch times

The protection industry is well positioned to take advantage of the credit crunch although a number of tough challenges lie ahead, according to speakers at the Protection Review.

Let battle commence

The Department for Work and Pensions’ announcement that protected rights can be held in Sipps from October has sounded the starting gun for a race for control of a staggeringly big pile of assets.

Trusts and Taxations

Take a look at the trusts and trustee taxation video – The definition and classification of trusts. Once you’ve viewed the boxset, visit our Test Centre to test your learning and get your CPD certificate. View here


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