Turning points: Frédéric Lasserre, Belaco Capital

Frederic Lasserre - Belaco Capital

Increased regulation and calls for banks to cut their risk-weighted assets are leaving many titans of the commodity derivatives world with a diminished role. But this outflow of talent is also propelling the rise of myriad hedge funds, asset managers and advisory firms. Among them is Belaco Capital, a multi-commodity hedge fund set up by a group of former executives from Société Générale Corporate & Investment Banking (SG CIB) in May last year.

When asked why he made the decision to move

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