Montreux Capital Management has boosted the team behind its Commodity Trading Fund with the addition of experienced geologist and small cap mining entrepreneur Dr Steven Newbery.
Newbery, who is joining as an advisor to the fund, has more than 25 years’ experience in the discovery of base and precious metals. He has been responsible for the establishment, capital raising and market listing of a number of mining companies and has acquired significant industry experience at an executive level in volatile market environments.
Newbery is the founder of the Dubai-based MLI Group of companies, while he also resides on and acts as technical advisor to a number of mining boards.
The Montreux Commodity Trading Fund aims to generate uncapped absolute returns through small arbitrage transactions made on physical commodity forward pricing contracts. This investment opportunity has arisen with banks cutting back trade finance to certain markets. The Fund also benefits from Montreux’s network of specialist, experienced traders and extensive market contacts.
Oliver Harris (pictured), Managing Partner at Montreux Capital Management, says: “We are delighted to have someone of Steven’s stature advising the Montreux Commodity Trading Fund. Steven’s combined experience at both a senior corporate and geologist level will be an invaluable asset to our business.”
Newbery says: “I am extremely pleased to be joining the Montreux Capital Management team through the Commodity Trading Fund. The resource sector is undergoing significant structural change as a consequence of the end of the commodity super cycle, and we all believe that the combination of Montreux’ capital management experience with specific sector insight will prove a powerful and successful combination.”