Fears mount over political interference in commodities
Many commodity traders are worried about potential political interference in markets and prices as France’s Nicolas Sarkozy and US President Barack Obama call for regulation of the sector.
Anthony Ward, co-founder and principal manager of Armajaro’s CC+ commodities fund, is concerned about the level of regulation being placed on hedge funds and in particular a possible move by politicians to interfere in commodity trading.
“We are definitely worried,” said Ward. He said comments by French President Nicolas Sarkozy about the need for more regulation and in particular calls for more rules to curtail the rise in food prices were worrying for the industry.
“He is saying it is [commodity
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