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May 09, 2005 at 08:00 PM
LONDON (HedgeWorld.com)–Hedge fund and absolute return strategies have been the traditional focus at Titanium Capital Ltd., and now officials are expanding their commodities force.
Kieran McKenna was hired last month to lead the commodities investment branch of Titanium’s US$500 million asset management business. Mr. McKenna was director and global head of crude swaps and oil options at Deutsche Bank and is known as a top portfolio oil trader in London, Titanium officials said.
The Titanium Capital Commodity Fund, launched in April 2004, will be his focus in addition to a dedicated oil fund that Mr. McKenna is expected to launch. The Commodity Fund is expected to attract significant assets this year, according to Titanium.
Titanium already offers a global event-driven fund and emerging market funds. With commodities leading the way, officials plan to launch several sector-specific products over the course of 2005 and 2006.
