Ontario Teachers’ Appoints Head Of Infrastructure And Natural Resources
TORONTO - Ontario Teachers' Pension Plan (Ontario Teachers') today announced the appointment of Dale Burgess to the position of Senior Managing Director, Infrastructure & Natural Resources (INR), effective immediately. Based in Toronto, Mr. Burgess will be responsible for overseeing our infrastructure acquisitions and asset management globally, along with our investments in agriculture, oil and gas, timberland and minerals. He has been serving as interim head of INR since mid-February.
Plan To Restart Bloom Lake Mine Gets $40M Boost + Offtake
By analyst By Andrew Topf The Bloom Lake Mine’s new owner earlier this month announced new cash for upgrades to the shuttered operation and an offtake agreement with a Japanese trading company to receive iron ore for steelmaking if the mine gets back into commercial production. In December 2015 Champion Iron Ore (TSX:CIA), an iron ore explorer with offices in Canada and Australia, said it will buy the Bloom Lake operation along with its rail assets. The mine’s former owner, Cliffs Natural Resources (NYSE:CLF), shuttered production in late 2014 as part of a greater plan to exit its money-losing Canadian...
Harvard Management Company Eschews Fossil Fuel Investments
<p>Harvard Management Company’s head of natural resources said the university’s $35.7 billion endowment is “pausing” investments in some natural resources, such as fossil fuels.</p>
A Goldman Sachs Associate Quit And Set Up His Own Private Equity Fund
<p>Remember when Blackstone founder Steven Schwarzman cautioned Harvard MBAs against thinking they could go it alone after a few years working for someone else? One Goldman associate didn’t get that message.</p>
<p>Stuart Smith, an associate covering natural resources in Goldman’s Houston-based investment banking division, has just left to set up “Southern Creek Capital.” He worked for Goldman for precisely 22 months.</p>
Sydney Hedge Fund Calls For BHP Board Renewal
Sydney-based hedge fund Tribeca Global Natural Resources has called for an overhaul of the BHP Billiton board, which it claims has wasted $US30 billion ($40 billion) of capital, a figure that could have been $US50 billion ($67 billion) higher if not for deals it failed to get done. Tribeca, the world's top performing hedge fund of 2016, said the miner had "a critical opportunity to reset the culture" with the retirement of long-serving chairman Jac Nasser and said that improvements can only be made with "significant turnover" of the board. Tribeca outlined its concerns in an eight-page letter titled "Making...
Commodity Hedge Fund Blenheim Opens Up Ownership For First Time
Willem Kooyker, a pioneer of investing in commodities, broadened the ownership of his $1.5 billion hedge fund for the first time since it was created almost three decades ago. One of the most powerful and enigmatic traders in the natural resources industry, Kooyker said Thomas Kopczynski, James Wohlmacher, Gus Rossi, and his son Terence Kooyker will join him as owners of Blenheim Capital Management LLC. Blenheim invests in everything from oil to metals and agriculture, and at its height in 2011, was the world’s largest commodities-focused hedge fund. The ownership shakeup is the first since 74-year-old Kooyker, who retains a...
The Oil Giant Hidden In The World's Biggest Mining Outfit
The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell Plc, Anadarko Petroleum Corp., Pioneer Natural Resources Co. And, on signs fronting a barbed-wire fence, BHP Billiton Ltd. For the world’s largest mining company, the heart of the U.S. shale boom in West Texas might seem to be strange territory, a very long way from the iron-ore deposits of Australia or the copper mines of Chile’s Atacama desert. But BHP actually has been in the oil business for years, with operations stretching from...
4 Surprising Facts About Resource Private Equity Now
<p>Big week in natural resource private equity. With PE specialists Preqin releasing their “2017 Natural Resources Report”.</p>
<p>The volume is perhaps the world’s most detailed assessment of private resource investment globally. Breaking down statistics both on overall worldwide trends, as well as sector- and geographic-specific happenings for energy, mining and agriculture.</p>
$5.5B Private Capital Ready To Invest In Mining
According to a new report by private capital tracker Preqin, overall fundraising for natural resources investment actually declined declined by a fifth in 2016 to the lowest since 2012. Coming off a record 2015, 74 funds raised a total of $60bn in 2016 for investment in natural resources, which includes metals and mining, water, timberland and energy. Private providers of capital include pension funds, sovereign wealth funds, endowments, family offices and others. One of the funds to watch – Electrum Strategic Opportunities – last year invested in two junior mining companies based in the Yukon...
Australian Hedge Fund Tops Global Ranking
Tribeca Investment Partners' Global Natural Resources Fund is ranked as the top performing hedge fund globally.