Former SG executives launch multi-commodity discretionary hedge fund

Christophe Cordonnier, Belaco Capital

Christophe Cordonnier and Frédéric Lasserre, until recently both managing directors in commodities markets at Société Générale (SG), have teamed up with the French bank's former head of metals trading, François Beuzelin, to launch Belaco Capital, a multi-commodity discretionary hedge fund that will be managed from Paris.

Lasserre, who headed SG's commodity research and strategy team, and Cordonnier, who set up and headed the sales and structuring commodity investor business, left the bank earlie

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