Orion Said to Hire Portfolio Managers for Commodities Fund

  • Company said to hire Matthew Heap and Raphael Bonvillian
  • Orion said to expand in trading with fund planned by year-end

Orion Mine Finance Group, headed by Oskar Lewnowski, hired two portfolio managers for its new commodities fund, according to a person familiar with the plans.

Matthew Heap and Raphael Bonvillian previously worked at Louis Dreyfus Commodities BV and will focus on base metals. They will join in January and be based in New York, said the person, who asked not to be identified because the information hasn’t been made public. Orion, a mining-focused investment business with about $1.86 billion under management as of March, is expanding with a fund planned for the end of the year, the person said. John Fallon is the chief executive officer of the fund, known as Orion Commodities Fund LP.

Orion was founded by Lewnowski in 2013 as a mine-finance spinoff of Red Kite Group, set up with Michael Farmer and David Lilley. Most recently, the New York-based company was named as one of the co-investors in Anglo American Plc’s two Chilean copper mines.

Eleni Androulaki, a spokeswoman for Louis Dreyfus, confirmed the departure of Heap and Bonvillian.

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