Michael Coleman (pictured), managing director of Singapore-based Aisling Analytics, is suspending a 30-year trading career to focus on risk reported Bloomberg this week, after
Michael Coleman (pictured), managing director of Singapore-based Aisling Analytics, is suspending a 30-year trading career to focus on risk reported Bloomberg this week, after the firm’s Merchant Commodity Fund lost 30 per cent and its assets contracted from USD1.56billion to around USD550million. Coleman will become chief risk officer whilst the hedge fund’s assets will mostly be traded by co-founder Doug King in his capacity as chief investment officer. Apparently the fund’s biggest losing bet last year was sugar with Coleman saying they were wrong twice, being bullish at the end of 2010 before prices dropped in February and March and getting on the wrong side of the trade again when the commodity rallied in June and July. Commodity price swings proved hard but despite Merchant’s drop in performance it has still managed to return 236 per cent to its initial investors (the fund launched in 2004).