Bloomberg – Michael Coleman, who co-manages the $1.3 billion Merchant Commodity Fund, and his partner Doug King have bought a stake in a Singapore-based rubber trader, which had sales of about $1 billion last year.
The two former Cargill Inc. traders control a company called Kincol Pte Ltd., which purchased 60 percent of RCMA Commodities Asia Pte Ltd., Coleman, 49, and King, 43, said in separate interviews yesterday. Chris Pardey, also a former Cargill trader, is a shareholder in Kincol and becomes chief executive officer of RCMA, they said.
