Mooney quits Trafigura to launch Merrill fund of funds
David Mooney, formerly head of power and gas trading at Trafigura in London, has left the Swiss commodity trading house to join Merrill Lynch. Mooney will join Merrill in mid-June as a managing director where he will be charged with evaluating commodity hedge funds for proprietary investment purposes.
Mooney joined Trafigura in May 2003 from Bank of America where he the long-serving head of commodity derivatives. Speaking at the time Mooney said he had chosen bypass opportunities to establish energy trading desks for other banks and intended to work purely in commodities rather than commodity derivatives. “Commodity derivatives have lost
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