Black River Commodity Trading Fund: Black River Asset Management

13th Annual European Single Manager Awards 2013

Mark Schulze, senior portfolio manager and senior managing director, Black River

Commodities are rarely out of the news. Headlines appear daily in newspapers, online and in broadcasts. Generally the news is not good and speculators are constantly blamed for high prices, food shortages and a host of other problems.

As an asset class, commodities have proved a fickle friend for investors. Many struggle to achieve positive returns, battling against oscillating markets and wayward weather.

Black River is an exception to the rule. Formed in 2003 as an independently managed subsidia