Commodity Fund Hires Former Tudor, Ospraie, Tigris Managers

  • Argon Capital taps Halpern, Curran, Suckling and Bahadori
  • Co-Founder Bueno says he's targeting fund launch by December

Argon Capital Management appointed former executives of Tudor Investment, Ospraie Management and Tigris Financial to head the commodities fund’s energy, metals and macro strategies.

The New York-based firm hired Jeffrey Halpern as chief risk officer, co-founder Marcos Bueno said Monday. Halpern, who performed a similar role at Credit Suisse and Moore Capital, will work with newly appointed senior portfolio managers and partners John Curran, Andrew Suckling and Pasha Bahadori.

Curran, a former partner at Caxton Associates and chief investment officer of Tigris, will head commodity macro strategy. Suckling, the founder of former base metals-focused hedge fund Verulam and a founding partner of Ospraie, will run the discretionary metals strategy. Bahadori, formerly at both Tudor and Ospraie, will manage multi-asset energy strategy.

“This gets us closer to the goal of being one of the largest commodity launches this year, and closer to the goal of being one of the best commodity hedge funds out there,” Bueno said from New York in a telephone interview.

Argon’s appointments come as the Bloomberg Commodity Index rebounds from January lows. Still, the measure is down 66 percent from a 2008 peak amid China’s slowest growth in a generation. In July, Bueno teamed up with former Barclays Plc head of fixed-income structuring Aurelia Lamorre-Cargill to target $400 million to $500 million for its first fund, which they want to launch by the end of the year.

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