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Former Societe Generale senior commodities executives to launch BELACO Capital

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Two Managing Directors of Commodities Markets are exiting Société Générale to launch BELACO Capital, a multi-commodity discretionary hedge fund that will be managed from Paris.

Dr Frédéric Lasserre is well-known for building and heading the SG commodity research & strategy team which constantly ranked in top three by the industry. For the past 15 years, he has worked closely with Christophe Cordonnier who has set up and headed the SG sales and structuring commodity investor business. They join forces together with François Beuzelin who spent 12 years at SG where he was heading metals trading before working in a commodity fund for the last two years.

“There is still unsatisfied demand from investors for absolute return on commodities,” says Cordonnier.

“We believe it is crucial to rely on solid expertise in trendless and highly volatile markets we experience during recessionary times,” says Lasserre.

“We think the combination of trading, fundamental research and financial engineering is the ideal mix to bring value to investors,” adds Beuzelin.

The official launch date of the fund is expected in Q4 this year.

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