Reuters – Commodities trading house Trafigura is planning to double the size of its fund arm Galena with the launch of a new private equity fund and the roll out of a macro fund to outside investors, according to an interview in the Financial Times.
Jeremy Weir, chief executive of Galena, which currently has some $1.8 billion under management, told the FT he wanted to grow the fund arm into a $4 billion-plus business to capitalise on the opportunities created by the withdrawal of bank lending.
